Brookings Institution

Gold tops $5,000, silver rises as ‘breathtaking and deeply terrifying’ rally continues

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Gold tops ,000, silver rises as ‘breathtaking and deeply terrifying’ rally continues

Gold (GC=F) continued to rise on Monday after breaking above $5,000 an ounce earlier than Wall Street expected. Futures hit a key milestone on Sunday while silver (SI=F) also rose one point beyond $115, raising questions about the dizzying speed of the rally in precious metals. The rise in gold has become a feature of … Read more

Gold tops $5,000 for first time in ‘breathtaking and deeply terrifying’ rally

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Gold tops ,000, silver rises as ‘breathtaking and deeply terrifying’ rally continues

Gold (GC=F) rose above $5,000 an ounce on Sunday, hitting the key milestone earlier than Wall Street expected, raising questions about the dizzying speed of the rally in precious metals. The rise in gold has become a feature of the so-called “debasement trade”, with investors buying assets to protect against the erosion of purchasing power … Read more