Connect with us

Hi, what are you looking for?


Gold and Silver: The price of gold is back above $2030

Gold and silver have always been considered as safe-haven assets, especially during times of economic uncertainty. The COVID-19 pandemic has caused a lot of turmoil in the financial markets, and investors have been flocking towards gold and silver as a hedge against inflation and currency devaluation.

The price of gold has been on a steady rise since the beginning of the year, and it recently crossed the $2030 mark, which is an all-time high. This surge in gold prices can be attributed to a number of factors, including the weakening of the US dollar, low-interest rates, and the ongoing pandemic.

Silver, on the other hand, has also been on an upward trajectory, with prices hovering around $28 per ounce. The demand for silver has been driven by its industrial uses, as well as its status as a precious metal.

Investors are increasingly turning to gold and silver as a way to diversify their portfolios and protect their wealth. With the ongoing uncertainty in the global economy, it is likely that the demand for these precious metals will continue to rise.

However, it is important to note that investing in gold and silver comes with its own set of risks. The prices of these metals can be volatile, and investors should be prepared for fluctuations in the market.

In conclusion, the price of gold and silver is back on the rise, and investors are taking notice. While these precious metals can provide a safe-haven during times of economic uncertainty, it is important to approach investing in them with caution and a long-term perspective.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    As the United States continues to grapple with the ongoing immigration crisis, the House and Senate have found themselves at odds over how to...

    Latest News

    As the world continues to grapple with the COVID-19 pandemic, the global economy is facing unprecedented challenges. In the United States, President Joe Biden...


    American Airlines stock could double from here, according to JPMorgan. The investment bank has upgraded the airline’s stock to “overweight” and set a price...

    Latest News

    Debt anxiety has been a major concern for many Americans, especially during the pandemic. However, recent developments on Capitol Hill have brought some relief...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2020-2024 The Daily Launch. All Rights Reserved.