Gold at its highest
Published in
1 min readSep 28, 2020
Gold is above 57.5$ per gram for the first time in more than eight years due to the decrease of interest rates.
In fact, since the interest rate on 10-year treasury notes is falling, the adjusted price of gold is rising. This is because of the Covid-19 recession, that drove the Fed and the central banks to cut interest rates to fight deflation.