When economic times get tough or the stock market looks jittery, investors often turn to gold as a safe haven. For example, interest in gold surged in early 2020 during the coronavirus crisis and the recession that followed it, as investors looked for a safe asset to park their money.
A Scramble for Gold Is Redrawing the Map of the Market
New York faces a gold rush after the pandemic threw precious-metal markets into disarray, setting off a scramble by traders to cut their losses.
Bullion vaults approved by the Comex division of the New York Mercantile Exchange house a record 29.7 million troy ounces, according to FactSet data going back...