Gold surged to its highest level since October 2012 as the dollar weakened and central Banks implemented widespread monetary stimulus as coVID-19 hit the economic outlook.
Spot gold broke through $1,770 an ounce in intraday TRADING on Wall Street, hitting its highest level since October 2012 at $1,771.03 an ounce.
The wave of stimulus around the world not only stoked inflation but also painted a weaker economic picture, making gold look more attractive
Gold has risen nearly 16 percent this year, supported by global economic stimulus measures, as it is seen as a hedge against inflation and currency depreciation
Industrial demand will remain depressed due to the recent stagnation of the economy and lower expectations for global growth.But speculation about the gold-silver ratio will be the main theme of the game
