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Coinful Capital: What Drives The Price Of Gold?
August 2021 - Hedge Fund
For the last two years, the world encountered an unprecedented shock. The uncompromising coronavirus altered most countries’ economies and affected nearly every industry, changing the way we conduct business and live our lives.
Against this backdrop, these past couple years have been a rollercoaster for price of gold. Triggered by governments’ and economies’ attempt at regaining what was lost, gold hit a record high price of $2,067.15 in August of 2020. Investors played their part by flocking to the yellow metal as a safe-haven investment during the economic standstill.
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