Gold Is Rising Because of Demand for ‘Fallback Money’
The yellow metal’s strong performance may be down to its more fundamental properties.
Gold bars stored inside the gold vault at The Reserve vault, operated by Silver Bullion Pte Ltd., in Singapore.
Photographer: Ore Huiying/BloombergWelcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
Gold is having a moment. A fairly quiet one, given its performance this year (it’s beaten all the major stock markets in the year to date, measured in US dollar terms), but a moment nonetheless.