Gold's luster grows as investors hedge in uncertain times

Wall Street is in the throes of a gold rush, as investors drive the price of the precious metal to new heights.Several factors are pushing gold higher: Investors are anxious about the pandemic's ultimate impact on the economy, worried over resurgent tensionsbetween the U.S. and China, and fearful of runaway inflation as spending to cushion the economic fallout swells the federal budget deficit.Uncertainty over the outcome of the elections in November may also be giving investors reason to hedge