What’s Really Behind Rising Gold Prices?
February 25, 2016 at 14:32 PM EST
Gold prices have rallied more than 15% over the past year, which includes a 12% rally over the past month. With growing global uncertainty, these moves shouldn’t come as a surprise to investors. Negative interest rates in Europe and Japan have made gold an attractive safe-haven asset, while investors are looking to hedge against the risk of a Brexit and an ongoing slide in crude oil prices that could jeopardize the U.S. economic recovery.