Gold has recently been bullish as its price just topped $2,000 an ounce for the first time. The unprecedented health crisis has resulted the deceleration in economic growth and high volatility in financial markets. As we know gold is considered as a safe-haven investment, which means that investors will tend to move their money into gold during times of crisis.
Future movements for the remainder of year will depend on when does the vaccine against the virus develops, and whether life is able to return to normal.
Gold trading is considered as a form of insurance, as the metal is considered a safe haven in times of financial turbulence, since it is not at risk of becoming worthless, unlike currencies or other assets bearing credit risk. If your analysis states that equities are going to plunge, perhaps because of an economic slowdown then gold could be a good buy during such market slump.
Investors can invest in gold in a number of ways such as investing in gold stocks, investing in gold exchange traded funds (ETFs) and buying gold futures.
Newmont Goldcorp Corporation
Barrick Gold Corp
Kinross Gold Corp
Torex Gold Resources Inc
Pretium Resources Inc
|Commodities||2019 Closing (in $)||CMP (in $)||YTD Return (in %)|
Dated: 24 Oct 2020
Trading in precious metals like silver is a popular way of diversifying a portfolio. Silver is one of the most precious metals, valued both as a form of currency and store of value. Silver has high industrial demand. The white metal is a good conductor of electricity and a bacteria killer, which makes it a highly valuable metal in a wide range of industrial application.
Hedge against inflation
Diversify your portfolio with silver
Industrial demand for silver is growing
Silver inventories are falling
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