Gold has soared in recent weeks, and it showing no signs of letting up any time soon.
The precious metal was trading near $1,420 an ounce on Aug. 1 but had surged by more than 8% to nearly $1,540 by Monday as the U.S. and China swapped blows in a trade war that seems to heat up, cool down, and heat up again each day.
"This escalation increases the risk of a deeper, more protracted slowdown in global growth and greater central bank easing, which would push down global bond yields and raise market volatility," analysts at UBS’ Chief Investment Office wrote in a note to clients sent out Sunday. ...
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