Gold wins back its lustre as trade battles hit stocks

From scmp.com

Gold is shining again as investors scramble for safety amid the widening global trade war. The price of gold has climbed nearly 5 per cent since May 21, while markets around the world fell. Last week was the best of the year for gold after US President Donald Trump surprised markets by threatening to raise tariffs on Mexico. It’s not all that surprising, because gold has often served as a safe haven when markets are tumbling. During the wrenching 2007 to 09 downturn, gold climbed 23.5 per cent while the S&P 500 lost 55.2 per cent. Gold also managed to eke out gains during the summer of 2011, when worries about the ... (full story)