Gold's 'safe haven' that's trading like a meme stock
Gold is increasingly viewed not as a safe-haven asset but as a volatile investment, akin to meme stocks. This week, gold prices rose nearly 14% year-to-date, with forecasts suggesting a potential increase to $6,300 per ounce by year-end, driven by demand from central banks and geopolitical instability. However, the recent volatility raises concerns about gold's reliability as a store of value. The contrasting performance of gold and cryptocurrencies highlights the need for diversification in investment strategies.
Yahoo Finance·