One thing that is certain is how the pandemic has been beneficial to precious metal markets. Gold’s price has bounced back strongly after dropping to the low $1,260 range.
This is already becoming apparent across nations that seemingly thwarted the coronavirus outbreak. South Korea and China deal with a rise in overall infections,
Now that the coronavirus crisis is seemingly under control in most countries, it is time to cautiously begin exploring what the future may hold. In …
The bigger question is whether or not banks are even in a position to consider the selling of such assets, given their current balance sheets.
Under normal circumstances, gold would travel in cargo holds of commercial planes. However, the coronavirus crisis has ensured that commercial flights have decreased significantly all over the world
he Bank of Japan is introducing additional stimulus packages to soften the blow of the economic impact that will follow after the coronavirus crisis has been overcome.
Gold has performed quite well as a safe haven asset during the coronavirus crisis, getting investors very excited for what the future may hold.
One also has to wonder what will happen if this plan falls apart. After all, this sentiment is all based on early data which may not be completely accurate.
As the Federal Reserve continues to create trillions of dollars out of thin air, investors are already playing their hand. This week has been a good example of what the future may hold.
It is equally important to look at this market from a proper time frame. A daily price chart will obviously yield more and bigger swings in terms of valuation.
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