Tariff tensions separate gold from crypto
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The White House calmed the rolling boil of China tensions down to a simmer, but one asset that remained scorching was gold.
Political instability, the “debasement” of fiat currencies, and rising debt loads have all fueled gold’s historic rally this year. But the latest market meltdown — and subsequent comeback — has reinforced the precious metal’s standing as the safe haven of choice. That’s because this week’s tandem recovery in stocks and in the prices of cryptocurrencies offered another lesson: a divergence between gold and digital assets.
The rebound on Monday came as suddenly as the…
