Since the beginning of this year, the yellow precious metal has grown in price by almost 15% against the background of news about the beginning of the policy of stimulating economies by the Central Banks, which suffered from quarantine measures during the coronavirus epidemic. Investment banks Goldman Sachs and JPMorgan Chase have raised their forecasts for gold and advised to increase investments in precious metals, which means its value will receive support for growth.
“Financial markets are optimistic about future prospects and are betting on a quick recovery, even despite negative statistics and news. But in the case of repeated quarantine measures and a further recession in the economy, it will not be possible to ignore them, ”analysts say.