Canadian Prime Minister Mark Carney seized the world’s attention at Davos last week when he
laid out a “rupture” of the world order, adding: “We know the old order is not coming back.”
It could be argued that some investors reached a similar conclusion well before January, based on the historic rise in gold prices GC00 to above $5,000 an ounce, from roughly $2,000 in late 2023.
Gold and the S&P 500 are hitting highs in rare lockstep, reflecting a shifting view of ‘haven’ assets
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Canadian Prime Minister Mark Carney seized the world’s attention at Davos last week when he
laid out a “rupture” of the world order, adding: “We know the old order is not coming back.”
It could be argued that some investors reached a similar conclusion well before January, based on the historic rise in gold prices GC00 to above $5,000 an ounce, from roughly $2,000 in late 2023.
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