This is a reason why the price of gold is so strong in the past few weeks has increased. In times of negative interest rates, the Status of a safe haven, the precious metal more and more. There are many signs currently that the development can continue. Because the Bank of England has given a very cautious Outlook and further support signals.
The yield on ten-year British bonds are at record lows and only slightly above zero percent. The longer the Corona-will not solve the crisis, the longer the Central banks will intervene in the bond market and the returns press. This reinforces Gold as a crisis currency.Updated Date: 06 August 2020, 11:19