The 2020 gold rush in markets is starting to unnerve even some longtime fans of precious metals. Gold futures are near records and up about 28% for the year, while silver has more than doubled since hitting a multiyear low in March. The moves aren’t entirely surprising, given the scale of the coronavirus-driven economic shock and the countervailing global stimulus led by governments and central banks. Many investors fear economic stagnation, an outbreak of inflation or some combination of the two—a recipe for rising demand...

Source: Wall Street Journal August 23, 2020 09:33 UTC