Gold topped $1,500 an ounce on Comex early Wednesday and then rose another $10/ounce over the last two hours as global economic concerns continue to grow. The Dow dropped over 400 points at the opening bell.
“Yields are collapsing, and gold is soaring,” said Peter Cardillo, chief market economist at Spartan Capital Securities to CNBC. “That’s raising concern about the impact of the trade war on the economy.” Continue reading →