Here's Why Warren Buffett Still Stays Away From Gold Despite Prices Skyrocketing Over the Years

Source: International Business Times

Buffett is the chair of Berkshire Hathaway. Gold prices have surged over 65% year-to-date to nearly $4,350 (£3,237) per ounce, as investors and central banks pile into the precious metal amid sticky inflation, macroeconomic risks, trade wars, and stock market volatility. The uncertainty has boosted the safe-haven appeal of the precious metal, which has a universal demand, high exchangeability, and limited supply.