Skip to content
Sign In Subscribe
Financial Times — Markets — Gold as hedge — Gillian Tett — Sovereign Debt — Gold

Why investors are going gaga for gold

Investors are turning to gold as a safe bet amid fears of a US sovereign default, with the precious metal trading close to an all-time high of $2,069.40 a troy ounce. Central banks have been gobbling up gold to diversify their reserves away from the dollar, and investors are increasingly evaluating

1 min read
  • Gold is the top safety choice for investors amid fears of a US government default.
  • Gold price has been trading close to an all-time high of $2,069.40 a troy ounce.
  • Central banks have been gobbling up gold to diversify their reserves away from the dollar.
  • Investors increasingly evaluate gold as an alternative to the dollar.
  • Gold is a good barometer not just of global instability, but of US dysfunction too.
Why investors are going gaga for gold
The precious metal is proving a safe bet amid growing fears of a US sovereign default
Financial TimesGillian Tett

More in Markets

More from Financial Times

Latest