Gold dazzles during the pandemic

Gold dazzles during the pandemic

In the last week of January, when the Covid-19 pandemic began to affect the world, gold prices hit a three-week high. The dizzying climb of the precious metal has not abated since then, with numerous gold mines making a better profit than in previous years. (Nicolo Filippo Rosso/Bloomberg via Getty Images) In the last week of January, when the Covid-19 pandemic began to affect the world, gold prices hit a three-week high. The dizzying climb of the precious metal has not abated since then, with numerous gold mines making a better profit than in previous years.

Within that week in January, gold was up 0.4%, trading at $1 572 an ounce.

Lester Davids, the trading desk analyst at Unum Capital, said the pandemic has created a risk-off sentiment — investors are gravitating towards lower-risk investments such as gold.

Since January, the gold price has gone up by at least 25%, peaking in […]

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