Gold Stays Strong as Stocks and Bitcoin Tumble

Published by
The Street

By Dan Weil Gold has benefited from the turmoil surrounding Ukraine and is serving as a hedge against raging inflation. Over the past year market players have debated whether bitcoin is replacing gold as a store of value in times of trouble. But it is gold that has held up during the recent drop in stock prices and the heightened tension involving Ukraine, while bitcoin has stumbled. “Gold has reemerged as a safe haven and portfolio tail hedge given repricing and selloff in equities and crypto assets,” Aakash Doshi, head of commodities for North America at Citi Research, told The Wall Street J…

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