A recent surge in gold prices has made it the top investment choice for many, including former US President Donald Trump. The metal’s value jumped significantly following Mr. Trump’s statement that he would ‘solve’ the world’s problems through his presidency, sparking concerns about the global economy and a rise in inflation.
The “Trump trade” refers to investors’ reaction to Mr. Trump’s rhetoric and policies, with gold often seen as a safe-haven asset during times of economic uncertainty.
Source: https://www.ft.com/content/fb53df86-c6f0-4550-ab84-222b3a6282f4