the gold put price in this year already to a little more than a quarter, where it increased especially since mid-June, strong. At the beginning of the Corona crash in the financial markets, Gold lost its value, although the precious metal is regarded as a currency in times of Crisis. In mid-March, a fine cost ounce temporarily less than 1500 dollars.
Gold is currently due to a number of developments among investors very popular. A main reason is the Corona pandemic, with its drastic economic consequences. The high level of uncertainty about the progress of the crisis, the sharply rising debt of States and companies, as well as the persistently low interest rates in the world. Gold is regarded as a crisis and inflation protection.Updated Date: 27 July 2020, 02:19