Gold prices extended their year-to-date gains in August after the early month sell-off. The asset class has been outperforming assets such as Japanese equities and global technology stocks, which led declines following a softer US jobs report, but quickly recovered in the subsequent weeks when better economic data restored investor confidence.
Renewed risk appetite has yet to pare back the rally in gold.
The yellow metal continues to trade near its all-time highs amid ongoing geopolitical uncertainty and a tightly fought US election, underscoring demand for the traditional safe-haven asset. Besides investors, major central banks have also accumulated physical bars at record levels to mitigate against...
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