Last week, gold prices rose by around 7 per cent and reached levels just below $1,700 per ounce, which is the highest level since 2013. The large price spike reflected a huge increase in global risk aversion, due to fears about the economic effects of the Covid-19 coronavirus around the world. Gold rallied partly because asset prices for equities and bonds trade at extended levels and investors sought the protection of the yellow metal when other asset prices declined.  Economists and investors have downgraded their growth forecasts and now anticipate that there will be basically no earnings growth in equity…

Join The Currency

INTRODUCTORY OFFER.

Sign up today: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 3,200 exclusive interviews, investigations, and analysis, plus over 220 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.