'Because It's Inverted': Goldman Futures Traders Spot Anomaly In Gold Market

After a brief dip yesterday, spot gold prices are holding above $5,000 an ounce as geopolitical risks and a flight from sovereign bonds and currencies extended the metal’s rally.

“Gold in the long term is a very good protection against debasement and a good way to maintain some purchasing power,” Vincent Mortier, Amundi’s chief investment officer, said in a Bloomberg Television interview.