Gold tracks for weekly gain as tariff threats stoke haven demand
Spot gold was steady for a second day at $2,755.35 an ounce at 8:04 a.m. in Singapore.
As Comex gold hit a fresh record high, Societe Generale commodities skeptic Dylan Grice – of the ‘long-term return on commodities is zero’ fame – wrote a stirring paean to gold in his latest research report.
Marked by his characteristic erudition, with references to gold’s use as a hedge in the world of antiquity, Grice’s report is worth reading and thinking about.
