It is no secret that investors were looking for some sort of safety in March. After all, there were growing fears of a trade war, ongoing issues in Korea, increased equity volatility and a decline in cryptocurrencies. Even interest rate pressures were there before the flight to quality. All this adds up to quite a story for gold investors.
Gold is often considered the ultimate safe haven during times of uncertainty. It remains debatable whether that should still be the case, but for a couple thousand years or more of history gold has defined wealth and been a store of value.
Interesting and concise article by Jon C. Ogg at 24/7 Wall St.: