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Published on 5/08/2020 2:46:49 PM | Source: Angel Broking Ltd

Gold has been really precious for investors in 2020 with an astounding double digit by Prathamesh Mallya, Angel Broking

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Below is the  Views On Gold has been really precious for investors in 2020 with an astounding double digit by Mr. Prathamesh Mallya, AVP- Research, Non-Agri Commodities and Currencies, Angel Broking Ltd

"Gold has been really precious for investors in 2020 with an astounding double digit returns of 34 percent YTD in dollar terms and still continues its shine. The liquidity push by Central Banks across the globe has been a deciding factor for premium in gold prices as the pandemic continues to ravage global economy. The easy money policy is resulting in to chasing higher yields on asset classes which are considered to be safe in times of uncertainty, and nothing like gold, the safe haven asset which has historically been a go to investment for investors. Unless, global economy starts its recovery path, precious metals will continue to shine for the rest of 2020."

 

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