Gold’s value rises and falls just like any other investment. Gold Price movement is a reflection of Investor confidence and stock movements. The more negative news on economic growth, the greater the increase in the price of gold. As a long-standing commodity, gold is not a security for the speculative. Buying gold is a defensive measure: a guard against inflation, currency devaluation, the failure of less tangible assets, and other woes.
Gold is seeing a pronounced increase in its price after 2011. The chart above gives an idea how gold has traded over the past 14 years. Based on recent analysis by experts all over the world, there is more uncertainty to come about the prospects for economic growth, including from COVID-19, and if low interest rates prevail, gold prices may well continue to rise.
Welcome to the NEXT GOLD PRICE BOOM!!!!