Why are Gold Prices Rising? -- Hint: It's Not Geopolitics!
Why are gold prices rising? For most people, the answer is simple -- geopolitical tensions are near an all-time high. Those fears translate into investors seeking protection, and what better hedge is there than gold?
On the surface, that assessment makes plenty of sense. Gold has intrinsic value that has been recognized since the beginning of time. We face unprecedented dangers, particularly with a belligerent North Korea.
But we've been through multiple flashpoints of tension, and they don't always generate bullishness towards gold prices. Instead, what we have here is an inflection point, but not in our foreign policy.
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Maybe rising isn't the right word. How about "rebounding"....
http://www.investopedia.com/terms/r/rebound.asp
That is a more technically accurate term, I agree. I used "rising" for the title because it flows through the tongue a little better...at least that's my opinion :)