Gold price hits an all-time high

For many investors, gold is looking hot right now. The precious metal just touched an intraday record $2 135.39 an ounce thanks in part to its haven status: The more volatile the world gets, the better gold tends to do.

Bullion has rallied almost 16% since early October, a surge that was initially sparked at the start of the Israel-Hamas conflict, but has since been driven by bets on the Federal Reserve will shift to monetary loosening early next year.