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Opinion | Why gold is the best bet amid economic uncertainty, market turmoil
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Gold will continue to give impressive returns till the global economy Gold prices have risen ever since US President Donald Trump decided to impose tariffs on China back in 2018 which triggered a global trade war.
At the start of 2020, trade war-related uncertainties started to fade and investors were expecting the rally in gold to slow down.
But the deadly covid-19 outbreak pushed up the demand and gold started to rise quickly. But what looked like a small outbreak turned into a pandemic.
The Chinese economy was the first to be shut down by the spread of covid-19, but as it proliferated into Europe and America, countries around the world are taking drastic measures to try and break the its spread through lockdowns and restrictions.
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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