Gold Is Reclaiming Its Historic Reserve Status
The yellow metal’s share of reserves is returning to pre-1990s levels.
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
The Iran war started about two months ago. During that time, we’ve seen some very predictable asset moves — oil has gone up by a lot — and some quite surprising ones — few would have guessed that the Strait of Hormuz being closed was conducive to the US stock market hitting new record highs.