Viewpoints
Opinion

Gold: A Winning Investment in an Uncertain World

For years, the policy of central banks has been to reduce their gold holdings, and now they must rebalance.
Gold: A Winning Investment in an Uncertain World
A worker polishes gold bullion bars at a gold refinery in Sydney, in a file photo. David Gray/AFP via Getty Images
|Updated:
0:00
Commentary

Why is the price of gold rising if the global economy isn’t in recession and inflation is under control? That’s a question often heard in investment circles, and I will try to answer it.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”