Rising Geopolitical Tensions boost Precious Metals prices

ArticleChange of moneyMay 28, 2018 - 3:44:11 AM

Gold prices are up as new pressures with North Korea have pushed investors into less risky assets.

Trying times call for the safety trade, says one market watcher.

"It is logical to consider it as a pure play because of all the geopolitical risks that exist. It's always a calamity hedge," Mark Tepper, founder and president of Strategic Wealth Partners, told Trading Nation.

GLD Gold Trust's SPDR ETF increased nearly 1% Thursday in its best one-day gain since early April. Tepper has a 3% asset in GLD, preferring it to gold miners because it is an non-correlated asset class and not subject to stock exchange movements...

Source: cnbc.com

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