, Columnist
Gold's Trumpian Tinkerbell
It's behaving more like a safe haven again under the 45th president.
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Gold's reputation as a refuge in times of trouble is one of those things that seems so intuitively obvious that it's more or less immune to fact.
Take the period from July 1997 to September 1998, when the Asian financial crisis brought devaluations to half a dozen countries, the Russian ruble collapsed, and hedge fund Long-Term Capital Management was bailed out. Far from gaining from safe-haven flows, the yellow metal fell 13 percent.