Gold is Climbing

Gold’s climb to a six-year high may reflect its status as “a positive yielding asset” relative to much of the world’s debt, The connection between the precious metal’s price in New York futures trading and the dollar amount of bonds with below-zero yields. Gold rose above $1,400 an ounce last week as the Bloomberg Barclays Global Aggregate Negative Yielding Debt Index surpassed $13 trillion.