Ray Dalio the American billionaire investor, hedge fund manager, and founder of investment firm Bridgewater Associates, believes that it is "both risk-reducing and return-enhancing to consider adding gold to one’s portfolio."
Dovish statements from global central banks recently aren’t the only reason for gold’s rise past $1,400 an ounce this week to levels it hasn’t seen in nearly six years.
Federal Reserve Chairman Jerome Powell told Congress on Wednesday that he doesn’t think a return to the gold standard in the U.S. would be a good idea.
