Don’t give up on gold just yet
Anyone who thought that gold, the world’s oldest form of money, was a safe asset that they could tuck away and forget about has been through a rough few days. It has soared, then plunged, then soared again. Its price has been even more volatile than Bitcoin or one of the overhyped artificial intelligence stocks. Even so, amid all the noise, one point is surely clear: gold’s bull market is not over yet – and it is likely to recover very soon. It has been quite a ride. After surging to an all-time record of $5,580 (£4,085) an ounce last week, gold tumbled by 9 per cent on Friday. It