As gold continues its ascent, surging past the $4,000 per ounce mark on Wednesday, economist Mohamed El-Erian said that this rally isn’t about fear in the markets, but rather a sign of something much deeper.
Gold’s Rally Not Due To Investor Anxiety
On Tuesday, in a post on X, El-Erian said that while such a record-breaking run-up in gold would typically be read as a sign of investor anxiety, the latest rally is happening in line with other risk assets, “such as the S&P, NASDAQ, Russell, and others,” which he notes are “also trading at or near record highs.”
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As such, according to El-Erian, this has less to do …