Hmm. Why Is Gold Suddenly Ignorant Of Geopolitical Risk?

Hmm. Why Is Gold Suddenly Ignorant Of Geopolitical Risk?

For once this time really is different, notes Grant Williams in his latest letter, and the New Cold War is, as you can see from the chart below, apparently not even remotely troubling. In fact, gold is trading below where it was when the Russians first dipped their toes in Ukraine to test the water:

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