By Nigel Somerville | Friday 3 January 2020
Suddenly everybody sees the markets heading ever higher. China and the USA are apparently on the cusp of signing something which would at least mark a truce is the trade spat, central banks are again joining the feeding frenzy and life is good. UK markets are up, Asian markets are up and the USA is posting yet more records. And with all this uber-happiness, gold and gold stocks are also pushing higher. It is all good, but I thought that gold was supposed to be an asset of last refuge: why is it heading higher if stockmarkets in general are riding high? Surely it should be heading in the opposite direction.
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