Thanks to persistently high inflation and ongoing geopolitical uncertainties, the traditional “safe haven” of gold started off 2023 as an attractive investment for investors worldwide. These factors have pushed gold futures prices (GCV23) above the $2,000 level on multiple occasions so far this year.
During the month of August, though, gold has been trending lower alongside riskier assets like stocks - punctuated by the precious metal's longest daily losing streak since March 2017.
