7 Reasons Gold Will Continue to Soar to Record Highs
This has not been an easy year for Wall Street and investors to digest. The coronavirus disease 2019 (COVID-19) pandemic has turned societal habits on their head and displaced more than 20 million workers. It also sent equities to their steepest and fastest tailspin in history during the first quarter, only to see the market rebound ferociously over the past four months. Frankly, no one has any idea what to expect next.
However, one group of investors who aren't going to complain are those who own physical gold or gold mining stocks. Physical gold has set two consecutive record-closing highs to begin the week, and is now up almost $390 an ounce in just the past six months, according to data from Kitco.
Gold has left the benchmark S&P 500 eating its dust in 2020, and there's a very good probability that this'll continue for the foreseeable future. Below you'll find seven reasons why this gold rally still has very long legs.
Source Fool.com
