Gold hits record high over $3,000 amid rising geopolitical tensions and weakening US dollar – business live | Business


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The Financial Times’s Lex column has a good take on gold today, arguing that it is “unlikely to lose its lustre any time soon”, given its status as protection against risks.

Lex writes:

It is the ultimate shock absorber: against geopolitical maelstroms, inflation and — as a non-yielding asset — lower interest rates.

This trio of latter-day horsemen is galloping across the horizon. Natural orders are being ripped apart as US President Donald Trump toys with ideas like modern-day colonisation, civil-service defenestration and swingeing tariffs. The latter could well tip the US into recession. Since November’s election US gold stockpiles have more than doubled.

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