Bank Calamity Renews Gold’s Safe Haven Status

It may not be a repeat of the global financial crisis. Hopefully it won’t be, but recent stress in the global banking system is chasing many market participants to familiar safe haven assets. That includes gold, and the aforementioned bank duress largely explains why the largest gold-backed exchange traded fund is higher by nearly 3% [...] The post Bank Calamity Renews Gold’s Safe Haven Status appeared first on ETF Trends .