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UBG - Gold Still Enjoys A Relative Strength Advantage
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Gold wasn’t completely immune to the recent financial market sell-off, yet its relative performance versus other major assets remains impressive. What’s more, there are enough signs that safe-haven demand for the metal is strong enough to warrant significantly higher prices in the months in the wake of pandemic-related global economic worries.
After a brief bout of panic selling, gold prices are attempting to stabilize this week as the equity market struggles to discount the effects of COVID-19. The front-month gold futures price hit the $1,450 level intraday on March 16, its lowest point since last