hedge

Gold prices have dropped this year, but it could be a hedge against a market correction, analyst writes . . . .

The University of Texas Investment Management Co. will examine its $1 billion gold position in the portfolio of the largest public university endowment in the U.S . . . .

Hedge funds increased their wagers on a gold rally to the highest since November, betting that this year’s 11 percent advance has more to go . . . .

Some of the biggest billionaire investors on the planet are actively seeking out precious metals like gold as wealth protection insurance amid the uncertainty of the current geo-political climate . . . .

President-elect Donald Trump’s pick for budget chief, Mick Mulvaney, has been an active investor in gold and gold-mining stocks, often seen as a hedge against collapsing currency . . . .

James Rickards, economic and monetary expert, joined Francine Lacqua on “Bloomberg Surveillance” yesterday to discuss Trump and whether he will be good for markets, the economy and for gold . . . .

Yesterday, the gold price broke above US $1,300/oz for the first time since early October, as the surprise announcement last Friday October 28th by the FBI relating to Clinton’s email probe, injected a new wave of uncertainty into the presidential election . . . .

With U.S. stocks still flirting with their all-time highs and volatility scraping along close to a multi-year low, investors are less inclined to worry about hedging risks and downside protection . . . .