​Record High Gold Price Signals “Fragmenting Global System”; El-Erian Warns – Tyler Durden

Record High Gold Price Signals “Fragmenting Global System”; El-Erian Warns Authored by Mohammed El-Erian Something strange has happened to the price of gold over the past year. In setting one record level after the other, it seems to have decoupled from its traditional historical influencers, such as interest rates, inflation and the dollar. Moreover, the consistency of its rise stands in contrast to fluctuations in pivotal geopolitical situations. Gold’s “all-weather” characteristic signals something that goes beyond economics, politics and higher-frequency geopolitical developments. It captures an increasingly persistent behavioural trend among China and “middle power” countries, as well as others. And…  — Continue at ZeroHedge News : Read More