A worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery, operated by Ural Mining and Metallurgical Co. (UMMC), in Verkhnyaya Pyshma, Russia on July 30, 2020. Photo: Bloomberg A worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery, operated by Ural Mining and Metallurgical Co. (UMMC), in Verkhnyaya Pyshma, Russia on July 30, 2020. Photo: Bloomberg
A worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery, operated by Ural Mining and Metallurgical Co. (UMMC), in Verkhnyaya Pyshma, Russia on July 30, 2020. Photo: Bloomberg

Gold’s record-breaking rally stirs debate on bull market longevity once Covid-19 vaccines arrive

  • Investors continued their rush into exchange traded funds, which in October sucked in more than double the final inflow in 2019
  • Among gold bears, Macquarie Group this week declared the ‘end of the cyclical bull market’ and said prices have probably peaked

Topic |   Coronavirus pandemic
A worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery, operated by Ural Mining and Metallurgical Co. (UMMC), in Verkhnyaya Pyshma, Russia on July 30, 2020. Photo: Bloomberg A worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery, operated by Ural Mining and Metallurgical Co. (UMMC), in Verkhnyaya Pyshma, Russia on July 30, 2020. Photo: Bloomberg
A worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery, operated by Ural Mining and Metallurgical Co. (UMMC), in Verkhnyaya Pyshma, Russia on July 30, 2020. Photo: Bloomberg
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