Plus, tariff-fueled wage growth and recession canceled.
The US financial markets have been submerged in a sea of red ink, drowning institutional investors and retail traders who just wanted to buy the dip. But while hedge funds, money managers, and crypto bros cry at the negative percentages across their portfolios, one class of investors is cheering: gold bugs. The yellow metal has rocketed this year, extending the positive momentum it experienced in 2024. But is gold’s meteoric ascent signaling doom ahead?
Gold Glitters on Wall Street
Gold prices recently closed above $3,000 for the first time ever. During the March 18 trading session, gold futures registered a fresh intraday high of $3,047.50 an ounce. Year-to-date, the precious metal is up 15%, adding to its 12-month rally of about 40%. Its sister commodity, silver, is…
