Gold – a potential hedge?
?? While major markets have taken a tumble in recent days, one asset has largely remained unscathed – gold.
President Trump has not been in office long, but his long-promised tariffs have already caused waves in the global economy.
On Saturday, President Trump announced tariffs on Canada, Mexico, and China – and then on Monday he said the U.S. would “definitely” impose trade tariffs on the EU.
Major indices saw sharp losses in reaction to the news, and there are fears the new President will not stop there – he has stated that the UK is “out of line” on trade with the U.S., but did suggest a deal could potentially be “worked out”.
The full extent of the emergent trade war is yet to be determined, but market shocks may well continue. Amidst the chaos, some assets have fared better than others – gold is one of them.
Gold is currently priced above the $2,800 mark, continuing its record rally. As the tariff uncertainty continues, it seems more and more investors are flocking to the traditional “safe haven”.
Learn more about gold, and its potential as a hedge against market uncertainty, by visiting the HANetf Gold Hub.
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