October 29, 2020

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Gold price at unprecedented level due to Corona crisis, but is bell…

Gold price at unprecedented level due to Corona crisis, but is bell...

In the heat of the Corona crisis, investors are moving into the safest port they know: the gold market. And as a result, the price of gold rises every day. The record price of 1,920 US dollars per ounce (31.1 grams) is now even in sight. ‘It’s like peeled shrimp. When there is no more gold, the delivery time increases and the price increases.”

Where does the gold rush come from?

The main driver is uncertainty. Interest rates remain low, global economies are flat due to the coronavirus, and the number of infections is only increasing. …