Gold is a better bet than Treasurys to weather the market storm, says BlackRock strategist

Gold hit $3,200 an ounce for the first time.

Michael Dalder/Reuters

• Gold prices hit $3,200 for the first time on Friday.
• Trump's tariffs and China's retaliatory action have roiled global markets.
• A BlackRock strategist said gold was a better hedge than Treasury bills amid the market turmoil.

Gold hit another record high above $3,200 on Friday — and is a better way to protect against the ongoing market turmoil than Treasury bills, a BlackRock executive said.