The gold price is holding steady over $1,800 per ounce, as traders wonder whether it will keep rising. The all-time high of $1,920 set in 2011 could soon be in sight, if investors continue to protect themselves against inflationary pressures .
Indicative of widespread economic concern and uncertainty. Classic risk-off trade. Does not bode well for recovery. Worrying.
Is it really bcos of covid or the coming war with China?