The Trump administration had argued the president has wide-ranging authority over national security matters.Politicsread more
Sen. Bernie Sanders will announce a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the...Personal Financeread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
Six women are running for president. Five of them are career politicians. Then there's Oprah-approved self-help guru Marianne Williamson.2020 Electionsread more
McDonald's said Monday that it gained market share in the informal eating out category for the first time in five years, thanks to its nationwide launch of fresh beef.Restaurantsread more
As candidates from Elizabeth Warren and Bernie Sanders to John Delaney jockey for position in the 2020 Democratic primary, business issues will come up in the first debates.2020 Electionsread more
The brokerage says that the globe is "one step away" from recession as the world's two largest economies head to the G-20 summit.Marketsread more
President Trump issues an executive order that would pressure insurers, doctors and other providers to disclose more information about health-care prices.Health and Scienceread more
J.P. Morgan analyst Stephen Tusa is sticking to his guns when it comes to General ElectricInvestingread more
The planet of Batuu is now open to all Disneyland guests, but that doesn't mean visiting this galaxy far, far away is going to be easy.Entertainmentread more
A bipartisan team of senators introduce the Dashboard Act to make social media companies disclose the value of user data.Technologyread more
Investors' rabid appetite for gold is showing no signs of abating, as figures from the World Gold Council show record investment in the first half of 2016.
The trend for exchange-traded funds (ETFs) to pile in to the precious metal, a classic safe haven amid uncertainty in the global economy and the search for yield, sent the price of gold soaring by 25 percent in the first half of the year, the biggest price rise since 1980. For the first time ever, investment, rather than jewelry, was the largest component of gold demand for two consecutive quarters.
Demand by investors set a record of 1,064 tons during the first six months of 2016. For comparison, this was 16 percent higher than in the first half of 2009, when the financial crisis raged.
At the moment, geopolitical uncertainties include: unrest in the Middle East; the fallout from the U.K.'s vote to leave the European Union; the U.S. presidential elections and the Italian banking crisis.
Individual investors, faced with historically low interest rates on savings accounts and concerns about the future of the economy, have also been buying up gold bars and other small gold investments like the U.S. gold Eagle coins – demand for which has jumped 84 percent this year.
On the other hand, the jewelry market was described as "anemic" by the World Gold Council.
While the price shows little signs of abating, some analysts are concerned that the activity has been driven so strongly by ETFs getting back in to the market, that demand will drop away quickly once there are signs of a recovery.
"Gold, like Paris, is always a good idea but we worry that too much of the recent move has come from ETF demand. What the margin clerk giveth, he or she also taketh away," Nicholas Colas, chief market strategist at Convergex, wrote in a research note.