economy

James Rickards maintains that gold remains the real underpinning of the international monetary system. Governments may disparage it, he says, yet many of them have held on to gold — and China and Russia have been acquiring more . . . .

Gold rose 1 percent on Thursday as the dollar and stock markets retreated, keeping the metal on course for its biggest quarterly gain in nearly 30 years as expectations of U.S. interest rate hikes . . . .

At a stroke, Janet Yellen revived gold investors’ faith in the metal and the miners who produce it...