Tag: 2020 gold prices

  • Gold Price Soars in July 2020: Why Investors Are Turning to the Safe Haven.

    Gold Price Soars in July 2020: Why Investors Are Turning to the Safe Haven.

    Reading Time: 2 minutes In recent months, the world has been grappling with the impact of the COVID-19 pandemic. This has led to uncertainty and fear in financial markets, causing many investors to look for safe havens. The average price for gold in July 2020 was $ 1,834.33 an ounce. The lowest was $ 1,770.18 an ounce…

  • Gold Jumps in June 2020: Uncertainty and Coronavirus Drive Demand.

    Gold Jumps in June 2020: Uncertainty and Coronavirus Drive Demand.

    Reading Time: 2 minutes Gold has been a trusted safe-haven investment for many years and June 2020 was no exception. Despite a rebounding stock market, the recent surge in coronavirus cases has created uncertainty and nervousness among investors, driving up demand for gold. As a result, gold had its best month since 2016, ending just…

  • Gold Price on the Rise in May 2020. Could it hold 1700 USD/Oz?

    Gold Price on the Rise in May 2020. Could it hold 1700 USD/Oz?

    Reading Time: 2 minutes Gold has long been considered a safe haven asset in times of economic uncertainty, and this May has seen a significant rise in the price of gold. The precious metal has been pushed higher by a number of factors, including a weaker US dollar, concerns about the impact of the COVID-19…

  • Gold Prices Soar in April 2020, amid COVID-19 Pandemic Chaos.

    Gold Prices Soar in April 2020, amid COVID-19 Pandemic Chaos.

    Reading Time: 3 minutes The price of gold saw a substantial increase in April 2020, as global financial markets were roiled by the COVID-19 pandemic and its economic impacts. As investors around the world scrambled to find safe havens for their assets, gold emerged as a popular choice. The average price for gold in April…

  • Gold Price Soars Amid Coronavirus Pandemic, March 2020.

    Gold Price Soars Amid Coronavirus Pandemic, March 2020.

    Reading Time: 2 minutes March 2020 saw a significant increase in the price of gold as investors flocked to the safe-haven asset amid the growing uncertainty surrounding the coronavirus pandemic. Surprise rate cut from the FED pushed gold back up, old and silver prices and the VIX are highly correlated in most recessions. The average…

  • Gold Prices Take a Tumble in February 2020.

    Gold Prices Take a Tumble in February 2020.

    Reading Time: 2 minutes The price of gold, a traditional safe haven in times of economic uncertainty, has taken a major hit in February 2020. 1550 is indeed a solid level, but the “distance” between there and 1500 is quite a long one. Right now, there’s too much uncertainty going around for a simple close…