Gold Prices Are Headed for New Highs Amid Unrest. What Investors Should Do

Gold last traded at $1,725 an ounce. Silver at $18.10 an ounce.

NEWS SUMMARY: Precious metal prices rose on bargain-hunting and a sharply weaker dollar. U.S. stocks drifted lower on downbeat jobs data which may prompt more central bank stimulus.

BARRONS-- "As America burns, gold shines. The traditional feel-good asset in times of economic duress is nearing a 52-week high as protests continue to erupt across the nation in response to the recent death of George Floyd while he was in police custody in Minneapolis....So far, the financial markets have mostly shrugged off the protests. Major stock indexes are still advancing, but there are emerging signs in gold trading, and even with the Cboe Volatility Index, or VIX, that some investors are preparing for more difficult days. In the options market, investors have amassed GLD ETF call positions in September 2020, likely positioning for volatility to tick higher in one of the most tumultuous months of the trading year....To be sure, GLD is always a strange creature to trade....GLD's options tend to always indicate a bullish bias and a bearish bias. The peculiarity reflects the always passionate debate about the true value of gold...We know investors are concerned about the global economy, civil unrest, and the future of monetary policy. All of that leads them to gold, which should bode well for anyone who is positioned into the historically volatile fall trading months."