Guardian: After Covid-19, just how high will prices go in the 2020 gold rush?

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The precious metal has passed $2,000 an ounce and analysts believe it will rise a lot further

The price of gold soared to a record $2,047 (£1,538) on Wednesday as investors panicked by fears of a second wave of the coronavirus pandemic rushed to buy the yellow metal as a safer place to store their wealth.

The gold price has risen by 34% since the start of the year, and this week broke through the $2,000 an ounce barrier and kept rising, as investors worry about Covid-19, as well as rising geopolitical tensions and the weakening of the US dollar.

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After Covid-19, just how high will prices go in the 2020 gold rush?

The precious metal has passed $2,000 an ounce and analysts believe it will rise a lot further

www.theguardian.com

Did anyone invested in gold, finance-Era?

 

[Komo]

If it wasn't bitcoin it's gold that'll shoot up way higher in the coming months.

 

[SatoAilDarko]

My Mom was just talking about this. I went with my Mom and sister to New York early this year to buy a bunch of gold for at the time 6-month niece from my other sister. She was saying how glad she was she got that gold (including haggling down for a good price.). Kid does look great in it.

 

[Sqrt]

Was the price of the piece significant?

 

[MikeHattsu]

People talking about it in the other thread

Gold price rises above $2,000 for first time

https://www.bbc.com/news/business-53660052 https://finance.yahoo.com/news/gold-barrels-past-2-000-005419682.html Peter Schiff nodding in the distance. Do I buy Agnico or Newmont Xando 🤔

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