Share your positions with us! This is a column where you can find the winning trades of our fellow tigers. There probably are a few potential opportunities that you may have overlooked.
🌟🌟🌟I bought $iShares Gold Trust(IAU)$ to hedge against the volatility in the markets. IAU is the 2nd largest Gold ETF after $SPDR Gold Shares(GLD)$. Both Gold ETFs hold Gold bullions and track the Spot Gold Prices. Gold has hit an all time high today at USD 3,150 and may continue to climb due to punitive US Trade Tariffs. Gold has long been regarded as a safe haven asset in times of geopolitical conflicts and tensions. It is a tough time for the markets and the world economy. Tariffs are like a Tax and could result in higher inflation, loss of jobs and reduction in consumer spending. It could even result in a recession.