Unhedged

Gold just set a record. Why?

The price of gold reached a record high last week. That’s surprising, because normally the price of gold goes down when interest rates go higher. Today on the show, we try to figure out what’s driving gold’s rise. Also, we go long Larry Fink and short the jobs report.  For a free 30-day trial to the Unhedged newsletter go to: <a href="https://www.ft.com/unhedgedoffer" rel="noopener noreferrer" target="_blank">https://www.ft.com/unhedgedoffer</a> Follow Ethan Wu (<a href="https://twitter.com/ethanywu" rel="noopener noreferrer" target="_blank">@ethanywu</a>) and Katie Martin (<a href="https://twitter.com/katie_martin_fx" rel="noopener noreferrer" target="_blank">@katie_martin_fx</a>) on X. You can email Ethan at <a href="mailto:ethan.wu@ft.com" rel="noopener noreferrer" target="_blank">ethan.wu@ft.com</a>. <a href="https://www.ft.com/content/1ee1054d-c2da-4df4-8b08-e05d60b00b5d" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

Katie Martin, Robert Armstrong and other markets nerds at the Financial Times explain the big ideas behind what’s happening in finance right now. Every Tuesday and Thursday. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.