Gold Rises to Another Record in Flight to Safety
A worker holds a processed gold ingot at a refinery operation in Marmato, Colombia.
Photographer: Edinson Arroyo/Bloomberg
Good morning. More joy for goldbugs. Tesla investors are on edge about today’s earnings. And where the C Suite is vacationing (almost White Lotus but not quite). Listen to the day’s top stories.
Futures are pointing to a slight recovery after what was described yesterday by one Wall Street vet as the “quietest, calmest” down day he could recall. Gold’s rally continued, surging past $3,500 an ounce briefly, as investors sought out safety in the face of the current Sell America vibe. According to one analyst, bullion may be “the only true safe-haven asset left.”