Why gold’s historic rally is about more than just Trump | Business and Economy News

The price of gold has soared to a historic high, crossing $4,000 per troy ounce (31.1g) as global investors have flocked to the asset over the past year.

Gold futures, which are contracts to buy or sell gold at a certain price, passed the threshold on Tuesday, followed by the spot price of gold on Wednesday afternoon in Asia.

Gold has long been viewed as a favoured “safe haven asset” in times of economic uncertainty because it is a physical…