Goldman Sachs says 'gold is a better hedge than oil' as Trump-Iran tensions heat up

REUTERS/Arnd Wiegmann

• Goldman Sachs says gold is the better investment compared with oil in times of geopolitical strife. 
• Oil price "risks are skewed to the downside in coming weeks," the bank said, while "additional escalation in US-Iranian tensions could further boost gold prices."
• Gold on Monday soared to a 2013 high of about $1,588 an ounce, while oil jumped past $70 a barrel. 

Gold is the asset to buy in times of geopolitical strife, says Goldman Sachs. 

As tensions between the US and Iran ratchet up, oil has spiked along with gold prices as traders fear energy supply disruptions and flock to safe-haven assets.  See the rest of the story at Business Insider

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