USD 2020-07-27 08:26

Gold Hits All-Time High > 1940$

Main Reasons: 

  •  The depreciation of the dollar index, 
  • US Federal Reserve keeps injecting funds into the economy and keeping interest rates at zero.
  •  the gold perception that it's a store of value, a hedge against inflation and a safe haven investment in uncertain times.
  • Governments across the world are pumping money into the financial systems, there is a fear that inflation may rise
  • The current environment has even raised the spectre of stagflation, a rare combination of sluggish growth and rising inflation that erodes the value of fixed-income investments.
  • Increasing concerns about the deteriorating relations between the US and China
  • Gold maybe on its way to hit 2000$ mark