Nowadays, gold is trading at a level close to a 7-year high. Relatively recently, many people predicted the beginning of a correction and a natural decline in this market, but the impact of COVID-19 and the subsequent global crisis has made adjustments to these forecasts.
In fact, now when the world is on the verge of the largest economic crisis in the last hundred years, investment in gold has become more relevant than ever. “Gold” ETFs are also doing well, as they are recording maximum capital inflows against the background of recent events. All these facts make possible that yellow gold will reach series of new price highs.
Thus, the deep crisis in the global economy and the impact of the coronavirus are highly likely to trigger a new rally in gold! And with it a whole, peculiar gold rush.
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