The global economy may be facing its ‘Minsky moment’ of excessive debt — and that is great for gold prices
August 22, 2019 at 12:52 PM EDT
Gold has been on a tear lately, despite a recent pause in gains, and the precious commodity could be poised to extend its rally above $1,500 an ounce, on the back of ballooning global debt and monetary policy that has resulted in trillions in negative-yielding securities.