Three reasons why gold’s record run is different

February 2, 2025

By David P. Goldman – Asia Times

Gold opened in London on January 31 at an all-time record of US$2,845 an ounce. Gold is an insurance policy against monetary and political disaster. More precisely, it has become a unique insurance policy against systemic risk, breaking away from other assets it used to track – foreign currencies and other metals, for example, as well as inflation-linked Treasuries.

That should worry policymakers in Washington.

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Three reasons why gold’s record run is different

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