Gold To Remain Attractive Investment Asset Despite Impact Of Covid-19

The World Gold Council (WGC) on Thursday said deceleration in economic growth globally will undoubtedly impact on consumer demand for gold and gold’s volatility may remain high.

However, high risk levels, coupled with widespread negative real rates and quantitative easing, will be supportive of gold investment demand as a save heaven.

The council explained that gold is being affected by the unprecedented economic and financial market conditions in play around the world as the spread of Covid-19 expands.

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