The relations between Uncertainty and Gold.
During the 2020 coronavirus pandemic, we saw where gold reached record highs. This is, as a result, of investors rushing to safe havens, due to times of extreme uncertainty. Uncertainty can be defined as any period in time where there is an undefined outcome.
Gold did similar movements when US drone strike killed prominent Iranian General, Qassem Soleimani. Shortly after that incident, gold Spike, even more, when Iran responded by launching on airstrike on the US base in Iraq. However, we saw where gold did a slight decline when the Trump Administration decided not to retaliate.
Gold is expected to reach even greater levels, as the Coronavirus spreads at a rapid rate, greatly affecting supply chains and global stock markets.
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