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The Guardian - US

Business

Edward Helmore in New York

Gold fever makes a comeback as buyers and bankers recoil from uncertainty

Gold Donald Trump United States John Paulson Costco Fortuna Ukraine Covid-19

people walk past a sign saying 'we buy gold' — People walk through the jewelry district in Manhattan, New York City, last month. Photograph: Spencer Platt/Getty Images

New York’s famous Diamond District was teeming last week. But the subject on many minds in the city’s jewelry district was not diamonds but gold.

Covid, Ukraine and now Donald Trump’s trade wars have all sparked new interest in gold – which can trace its history as a currency back to 600BC.

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