If you think gold is always a “safe haven” financial asset, think again. It crashed in the 2008 financial crisis along with everything else. And it lost about three-quarters of its purchasing value during the 1980s and 1990s. But it’s acting like a safe haven now. Bullion prices surged Monday, while everything else fell apart, rising 1.5% to a fresh six-year high. Gold GC00, +0.59% is proving the hot asset of the trade battle between Donald Trump and China. Gold has now risen a hefty 17% since the moment last December when Trump warned: “I am a Tariff Man.” During that time it’s left a lot of other popular ... (full story)