Yellow Metal To Reap Golden Harvest

The faster engulfing of world population by novel Coronavirus (COVID-19) contagion has spiked the price of the yellow metal globally. Apart from the deadly virus, Sino-US trade war has played a crucial role behind gold price skyrocketing. Now the pandemic has wreaked havoc on the stock markets around the world, causing major indices to crash to their multi-year lows. This has had a direct bearing on gold prices, causing them to rise to an astronomical high. In fact, some experts are of the opinion that gold prices are likely to surpass ?50,000 per 10 grams mark in the next 12 months. The upheaval caused by the virus, leading to economic lockdowns all across has altered the world’s perception towards everything. Fear of an unknown future has permeated so deep in the social fabric that everyone continues to believe the worst is yet not over. The sliding global economy has left...