Gold has taken the lead. The asset, at times considered a haven, has hit an almost six-year high after the Federal Reserve signaled that it was willing to lower interest rates. If rates continue to fall, expect further jumps in the yellow metal. The price of gold has sometimes risen in tandem with inflation, or in response to financial stress around the world. Lately though it appears to be responding to signals sent by central banks.

Source: Wall Street Journal June 20, 2019 18:27 UTC