As expected, fear trading boosted gold in safe haven demand. The price of gold closed below $1,300 this week, a level we have never seen since November 2016. Last week, Ray Dalio, founder of Bridgewater Associates.
The world's largest hedge fund says it is time for investors to take 5% to 10% of their gold portfolio as a way to prevent global and domestic geopolitical risks. The threat of nuclear war is the primary issue in everyone's mind, but Dalio reminds us that our indecisive Congress is likely to fail to agree on raising the debt ceiling next month.
Source: tartisannickel.com
