Gold is back. That’s a worrying sign
New York (CNN Business)Gold has been a dud of an investment for much of the year, but it has started to regain some of its luster.
The price of gold is up 3.5% since the start of October. During the same period, the S&P 500 has fallen 6.5%.
Gold tends to do hold up well in times of turmoil and it’s a particularly compelling investment when people are worried about inflation — like they are now. Wages grew at their fastest clip since 2009, according to October’s jobs report.
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