The global price of gold rose above $3,000 an ounce on March 14 and has stayed close to or even above that price ever since. That figure is relevant because of what it says about investors: they’re spooked.
Gold can fluctuate in price but tends to hold its value better than most global commodities for two reasons. First, there is well-established, long-term demand for the precious metal for all kinds of wants and needs — from wedding rings to home electronics to aerospace applications. Second, it is not easy to quickly increase the supply.
Investors are facing tariff-driven volatility in markets that has wiped out over $9 trillion in wealth since President Donald Trump’s inauguration on Jan. 20 and at least temporarily tanked many a
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