What is driving the gold rush on financial markets?
The price of gold hits record high as investors worry about the economic impact of the coronavirus pandemic.
The coronavirus pandemic means we are facing our worst ever recession.
When times are tough, investors tend to put their money into so-called “safe haven” assets such as gold.
The price of the precious metal hit a record high of $2,060 an ounce a couple of weeks ago, a 30 percent rise this year.
Wha is behind the rush? And could it affect the chances of economic recovery from the coronavirus pandemic?
Presenter: Imran Khan
Guests:
Christian Lawrence – Senior market strategist at Rabobank
Michael Hewson – Chief market analyst at the financial firm CMC Markets
Arun Kumar – Professor of economics at the Institute of Social Sciences
Published On 17 Aug 2020