After falling below $1200 per ounce in 2018, gold rebounded sharply over the next 12 months, and a significant bullish trend began. Its yield increased by almost 20%, whereas its quotes went up to $1,556 per ounce. The rally continued in 2020. The COVID-19 pandemic increased the popularity of the precious metal as a hedging instrument, which has led to an increase in its price.
2021 saw several ups and downs in the price of gold. The reasons behind them were different. Coronavirus relief packages and periods of economic recovery led to a decrease in the price of gold —… Read full author’s opinion and review in blog of #LiteFinance