FYI: Struggling under U.S. sanctions, Venezuelan President Nicolás Maduro is selling off his country’s gold reserves as he clings to power. That might be the only good excuse for selling gold now.
The shiny metal is finally having its day in the sun. Gold prices have shot up 6.9% in June alone. The jump has been inspired by both the desire for a haven as the U.S. economy slows down and global tensions ratchet up, and the recently confirmed dovishness of global central banks. The price of gold passed $1,400 on Friday, the highest level since September 2013, and a breakout could potentially attract a new wave of investors and confirm that gold is finally a must-own asset again.
Regards,
Ted
https://www.barrons.com/articles/etfs-to-play-the-surge-in-gold-prices-51561114801?mod=djem_b_Weekly barrons_daily_newsletter
