A New Wall Street Trade Is Powering Gold and Hitting Currencies
1. Investors are turning to gold, bitcoin as alternatives to the USD. 2. Record $33B influx into gold ETFs indicates increased demand for safe assets. 3. BlackRock readjusted portfolios to include gold as a hedge against volatility. 4. Macroeconomic instability fuels interest in gold, raising prices to record levels. 5. Federal Reserve's potential rate cuts may encourage further investment in gold.