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The Alchemist/Rhona O’Connell/June 2020
“Gold’s role as a risk hedge, and associated investment activity in the West, has cushioned it from the cataclysmic fall in physical demand in the price-responsive nations in the Middle East and across Asia (which was already underway last year). Its robust performance by comparison with its commodity peers underlines the safe-haven status that has been evident so far this year. There is little reason to expect that element to change in the foreseeable future.”
USAGOLD note: Too, we should probably blend in the return of Asian investors to the gold market once things take on some semblance of normal. This morning we posted an article from a newspaper in India describing “a heavy rush to buy gold” at jewelry shops upon lifting of COVID-19 restrictions.
Image courtesy of Visual Capitalist