COVID-19 has brought many industries worldwide to a standstill. Experts believe that the pandemic is going to lead to a global recession, one that is much larger than the one we experienced in 2008.
COVID-19 has ravaged the world economy and has many experts predicting a bad recession that could take years for the world to recover from. The biggest problem with this pandemic is the sheer difficulty of testing patients who normally stay asymptomatic until 14 days before developing serious symptoms, and by then, the damage is already done.
The Australian psyche holds a special place for gold. During the early 1850s, the gold rush helped in propelling the country’s economy, grow its population, and stimulate the industries. As the second biggest producer of gold in the world, the country’s gold sector flourished. Its record gold prices and mine production speak for themselves. After all, gold remains the country’s third major commodity export.
The last few months have seen the price of gold rally to $1,600 — a height it has not reached since March 2013. However, the last few weeks have seen the price start to stagnate. Between January 20 and February 4, the price did not manage to cross the $1,600 barrier, bouncing off at around $1,590. As of February 5, it had hit a two-week low of $1,547.
For the longest time, gold has been seen as a safe haven. Investors actively seek gold for security and protection during times of uncertainty. As Market Intelligence Director Alistair Hewitt mentioned in an interview recently, historically, gold enjoys certain perks in times of heightened risk due to flight-to-quality inflows.
Following the killing of Iranian General Quasem Soleimani by a targeted US airstrike on 3 January, gold prices reached a seven-year high of close to $1,600 per troy oz. or $50,798 per kg. The shock of this event drove investors to buy gold, a so-called safe haven asset, allowing them to safeguard their wealth amidst geopolitical uncertainty.
Even if you perform a regular clean-up in your home, clutter and junk will still continue to buildup in a never-ending cycle of addition and disposal. Clutter is simply stressful, and you may hit the roof when you wake up one day in a pile of junk.
ETFs Stomp Out Drops in Gold’s Q3 Numbers
Instability in global economies and the state of geopolitics have caused gold’s prices to surge, while the resulting behavior lowered interest rates. Global powers shift, as alliances form and are broken, and as uncertainties loom over the horizon.
'Tis the season to spread joy and splurge away. If you haven't saved enough cash for the holidays, you're probably panicking right now. Don't worry. There’s a lot of easy ways to get some extra moola this holiday season. Here's a list of some ridiculously easy ways for you to earn money this holiday season.