Comment on Why Gold Has Been on a Tear in 2016 [UP 15% SINCE JAN. 1]

Why Gold Has Been on a Tear in 2016 [UP 15% SINCE JAN. 1]

The stock market is having a horrible time so far in 2016, with the S&P 500 down more than 9%. Gold, on the other hand, is up nearly 10% year-to-date and hit a four-month high of just under $1200 per ounce on Monday before dipping 0.7% Tuesday to $1189.30. It's a bit of a cliche to say that people turn to gold in times of uncertainty: Sometimes that works, sometimes it doesn't.

 

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