In times of market uncertainty, one commodity in particular appeals to investors. Gold is known for its safe haven status, with intrinsic value and inflation hedging characteristics.
So, with 2020 a year of unprecedented global uncertainty, it is no surprise that the gold price has risen dramatically. Unlike most other commodities, which are priced on expected demand in an industrial or economic cycle, actual production and demand for jewellery and industrial use is trivial relative to the huge existing gold stock. Multi-asset managers dismiss bubble fears as gold price reaches record high As a result, 'animal spirits' play a huge role in the determination of the gold price. This can make for a volatile ride and history has shown the gold price goes through lo...
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