Recent Spike in Gold Price Driven by Physical Demand
Dear Investor, An emergency stimulus package, the closure of Swiss refineries and a rise in physical demand have all contributed to a recent spike in the gold price, climbing as high as US$1,671. News that the US Federal Reserve will pump out unlimited amounts of cash to prop up the economy drove up demand for the yellow metal, making gold more appealing as a hedge against inflation. “There has been a tremendous move into physical metals over the last two weeks, as the...
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