Investors are piling into gold during the Covid-19 pandemic, more than making up for a collapse in demand for the yellow metal from traditional retail buyers in China and India. Photo: Bloomberg Investors are piling into gold during the Covid-19 pandemic, more than making up for a collapse in demand for the yellow metal from traditional retail buyers in China and India. Photo: Bloomberg
Investors are piling into gold during the Covid-19 pandemic, more than making up for a collapse in demand for the yellow metal from traditional retail buyers in China and India. Photo: Bloomberg
Commodities

Gold blasts past US$2,000 level as traders rush into gold-backed ETFs as hedge against global uncertainties

  • RBC, Bank of America and Goldman Sachs predict higher prices for gold in the coming 12 to 18 months
  • World Gold Council says Covid-19 pandemic is far from over, impact on global economy yet to be determined

Topic |   Commodities
Investors are piling into gold during the Covid-19 pandemic, more than making up for a collapse in demand for the yellow metal from traditional retail buyers in China and India. Photo: Bloomberg Investors are piling into gold during the Covid-19 pandemic, more than making up for a collapse in demand for the yellow metal from traditional retail buyers in China and India. Photo: Bloomberg
Investors are piling into gold during the Covid-19 pandemic, more than making up for a collapse in demand for the yellow metal from traditional retail buyers in China and India. Photo: Bloomberg
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