Investors shying away from global volatility have found some refuge in gold.
The yellow metal may be some way off its historic peak in August 2011 when it neared $2,000 an ounce, but it has leapt 11.3% in less than two months from $1,280 on May 29 to broach $1,450 last week. And yesterday it was up 16.3% since this time last year, standing at $1,424.
Similarly, with the global economy overshadowed by trade tensions and uncertainties, the 10-year US Treasury yield has dropped to 2.05% from 2.74% as of July 23.
Given that bond yields will likely remain weak as the US Federal...