The price of gold bullion has rocketed nearly 50 per cent this year to a record high of $3,930 a troy ounce. Photograph: iStock
Gold’s biggest rally since the 1970s is being stoked by “gold-plated Fomo”, as investors fearful of missing out on returns and worried about inflation add the precious metal to their portfolios.
The bullion price has rocketed nearly 50 per cent this year to a record high of $3,930 a troy ounce after US President Donald Trump’s trade war sparked a rush to haven assets and sent the dollar tumbling.
But even when tariff-induced volatility in financial markets receded over the summer, gold’s price accelerated, with a near-12 per cent jump in September alone marking the
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