, converting one of its failed funds into a new, $600 million vehicle for buying up corporate loans. All told, billions of investor dollars are following the Fed into distressed debt.Gold initially soared as volatility connected to the coronavirus pandemic picked up, but its gains quickly gave way to a mass sprint for cash.
The note helped push gold above $1,700 for the first time since 2012 and bringing its year-to-date gains to 14%. As recession relief measures ramp up in the second quarter, the precious metal's streak may even accelerate, Ed Moya, senior market analyst at OANDA, said.
bitcoin collapsed and hasn't recovered since corona how can you even try to say it's a safe asset
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