Gold Prices Surge Again as Expanding Trade War Bolsters Haven Demand

Gold’s steady rise suggests it’s becoming the fallback asset of choice, with other havens failing to deliver as they once would. After breaking through the psychological barrier of $3,000, momentum has only increased. BlackRock’s Evy Hambro says the precious metal is a wise choice for a store of wealth, arguing that if you could buy an Apple iPhone with gold, it would cost you 30% less today than it did when the first iPhone was first released, despite a retail price which has tripled. ——– More on Bloomberg Television and Markets