The price gap between oil and gold points to a recession and $4,000 gold - Bloomberg

Investors looking to hedge against global economic uncertainty continue to pile into gold, pushing prices to $3,400 an ounce. According to one market strategist, gold’s appeal will continue to grow as recession fears intensify. Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, wrote in a research note Tuesday that the growing discrepancy between oil and gold prices...