As investors sought a safe haven from falling markets last week, the yield on the 10-year Treasury note (which moves in the opposite direction of the price) hit a record low going back to the 1950s, as it fell to 1.45% [Figure 1]. Fortunately for investors, as Treasuries became the most expensive they have ever been, another safe haven emerged last week that had been lost to investors seeking safety in recent years: precious metals…

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Gold: It’s Back