Gold prices have risen around 30 percent since the US election almost a year ago. The bulk of that rise has coincided with tariff announcements, most obviously the roll-out of reciprocal tariffs in early April, which saw gold prices jump in its aftermath. At the time, there were lots of rumors that the rise in gold prices was a symptom of wobbles in the reserve currency status of the US, with foreign central banks shifting out of the Dollar into gold. Those rumors were broadly credible, as the rise in gold at the time coincided with a sharp fall in the Dollar. The latest rise in gold prices, which has played out over ... (full story)