Gold Reasserts Its Haven Status in Troubling Times
Prices are climbing toward $2,000 an ounce since Hamas’s attack on Israel — the latest surge in a commodity seen as a refuge amid uncertainty.
Bars at the Korea Gold Exchange in Seoul.
Photographer: SeongJoon Cho/BloombergWelcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Jacob Lorinc looks at safe-haven demand for gold the past two weeks. For more on the crisis gripping America’s great northern fishery, read this. To get this newsletter sent straight to your inbox, you can sign up here.
Gold prices have pushed higher in the past two weeks, driven by safe-haven demand as the conflict between Israel and Hamas threatens broader, regional turmoil.