Chaos, cheap money, and a collapse in crypto send gold up 69% for the year, hitting a new record high

The price of gold rose to $4,462.10 per troy ounce on the COMEX futures market today, setting a new record high for the precious metal. Gold has now risen 69% year to date, far outpacing the S&P 500, which is up 17%.It’s no secret what’s driving gold: political chaos, cheap money, and the collapse of Bitcoin have all underlined gold’s status as a safe haven in a time of trouble.The U.S. was pursuing a third Venezuelan oil tanker today in hopes of impounding it, as part of President Trump’s push to destabil ...