Shiny future ahead? Economic recovery optimism slashes safe-haven gold boom

What does 2021 have in store for the precious metal?

clock • 3 min read

They say that not everything that shines is golden, as this has certainly been borne out by the recent trends in the global financial markets.

After all, the value of the safe haven asset gold has fallen by a hefty 7% since Pfizer-BioNTech announced the development and successful trials of its coronavirus vaccine, the world's economy begins to rebound and businesses look forward to the restoration of relative normality. In this post, we will appraise the price movement of gold in recent times, while asking what the future will hold for this popular safe haven asset. The rise and fall of gold in 2020  It will come as no surprise that the value of gold soared during the first six months of 2020, as investors rush to market t...

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