Gold Pops to New Record. Why It Keeps Rising.

Gold Pops to New Record. Why It Keeps Rising.

Gold futures climbed to a new record of $2,973 per troy ounce on Wednesday. The precious metal’s winning streak looks like it can keep going.

Geopolitical uncertainty may be fueling the rise. President Donald Trump’s stance on Ukraine is seen as a threat to European security, so investors may be turning to gold for its record as a long-term store of value.

On the other hand, it could just be speculation. It’s unusual for gold—usually a haven asset—to rise at the same time as stocks, which are what gets bought when investors are happy to take on more risk.