Some 52% of global fund managers told Bank of America in a survey that they view gold as "the best hedge against a full-blown trade war."

Gold prices crossed the $3,000 mark for the first time, as President Donald Trump’s tariffs against major trading partners have roiled financial markets, pushing investors to safe-haven assets as they fear elevated inflation and a possible recession.

  • NimdaQA@lemmy.worldBanned from communityOP
    111·
    6 months ago

    This is a sign of people expecting a future recession, btw.