Volatility and inflation is pushing investors to gold

Investors are flocking to buy gold – a traditional safe haven – as increasing volatility and soaring inflation leaves markets on edge. The managing partner of Wilshire Phoenix, Wade Guenther says investment demand for gold is climbing quickly, as analysts ponder the true impact of increasing inflation. He said, “Gold has been topical for all of the right reasons. Everyone’s expectations on the magnitude of recovery are starting to alter a little bit, and inflation is a big part of that. As long as volatility sticks around at current levels, people will rotate into gold as a safe haven.”