Gold Broke Past $5,300. The Hot Haven Asset is the Dollar's 'Biggest Challenger.'

Key Takeaways Dollar weakness is a "tailwind" for gold prices, Morgan Stanley's metals and mining strategist says. Precious metals experts see gold's rally continuing, but they see a chance of near-term volatility as investors take profits. One asset's weakness can be another's strength. That concept has added fresh complexity to rising investor demand for gold. Case in point: Spot gold prices continue to rally, breaking past $5,300 on Wednesday following a drop in the greenback yesterday. While it ...