The Globe and Mail reports in its Wednesday, Feb. 1, edition that some of Wall Street's largest fund managers have taken a contrarian bet on gold, wagering that U.S. President Donald Trump's governing style and upcoming elections in Europe will combine to create more stock-market volatility and boost the prices of a metal long seen as a safe haven. A Reuters dispatch to The Globe reports that fund managers from IVA, Ridgeworth and Fidelity are among those who are bullish on gold at a time when the VIX, Wall Street's main measure of volatility, is near two-year lows amid a stock market rally that has pushed the S&P 500 up 6.5 per cent since election day in November. Charles de Vaulx, portfolio manager of the $8-billion (U.S.) IVA Worldwide Fund, said the U.S. stock market had been "amazingly unvolatile." He added, "With the unpredictability of President Trump and how well he works with Congress, there remains a lot that is unknown." Mr. De Vaulx said Mr. Trump was short on specifics of his spending plans, which could undercut the value of the dollar and push gold prices higher. Reuters notes that gold has been one of the worst-performing assets since Mr. Trump's election.