Fears Over US Reliability Are Good for Gold
If the US dollar is no longer a cast-iron reserve asset, then where can you turn?
Gold bars of various weights at the Italpreziosi SpA precious metals refinery plant in Arezzo, Italy.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Welcome 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.
When I last wrote about gold about six weeks ago, I noted that it could probably do with a breather, having burst through the $3,300 an ounce level.