Gold's rally signals investors' eroding trust in the U.S.

From axios.com

Gold — typically a safe-haven in times of turmoil — is soaring at the same time the stock market is hitting new highs, an unusual dynamic that is troubling some market insiders. Why it matters: The rally in gold reflects investors' desire to diversify away from dollar-denominated assets as trust in the U.S. slowly erodes, they say. Driving the news: Gold futures on Tuesday topped a record high of over $4,000 an ounce for the first time, putting the precious metal on track for its best year since 1979 — a year of double-digit inflation, a Mideast oil crisis and the Soviet invasion of Afghanistan. So far this ... (full story)