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Gold has been unstoppable in 2025, touching another all-time high on Monday.
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Its rise has been touted as a safe-haven trade, but some have questioned gold’s reputation as a hedge.
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Peter Ricchiuti of Tulane University thinks the precious metal is devoid of real-world utility.
It seems not a day goes by without gold hitting another all-time high. The rally continued on Monday with a fresh record of $4,074 per ounce.
But amid the scramble for the precious metal in 2025, a finance professor at Tulane University tells Business Insider that he doesn’t agree with most of the premise behind gold’s rapid rise.
Gold is up by about 55% this year, beating risk assets like stocks and bitcoin as investors pile in on heightened fears about everything from more inflation to geopolitical conflicts. ETFs that hold gold, meanwhile, are seeing record inflows.
Peter Ricchiuti, a…
