“Gold — typically a safe-haven in times of turmoil — is soaring at the same time the stock market is hitting new highs, an unusual dynamic that is troubling some market insiders,” Axios reports.

“The rally in gold reflects investors’ desire to diversify away from dollar-denominated assets as trust in the U.S. slowly erodes, they say.”

“Gold futures on Tuesday topped a record high of over $4,000 an ounce for the first time, putting the precious metal on track for its best year since 1979 — a year of double-digit inflation, a Mideast oil crisis and the Soviet invasion of Afghanistan. So far this year, the price of gold is up 51%.”

Wall Street Journal : Gold rally points to eroding faith in central banks worldwide.

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