Gold Hits Record High First Time In The History
XAUUSD(GOLD) has finally broken the $1,700 resistance reaching the highest level since 2012. The strong rally continues since last week, while central banks are increasingly fighting the possibility of recession triggered by the global pandemic with stimulus packages and increasing money supply.
The interest rates around the world are already at rock bottom, and people are starting to lose faith in fiat money. Both gold and cryptocurrencies started the pandemic period with a lot of volatility.
Now the prices are recovering, and gold may benefit from the haven status.
Gold prices have been on the rise again recently, and some experts believe that this precious metal may soon regain its status as a safe haven for investors.
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