Gold Reaches $2,000 Amid Dollar Depreciation

From sunshineprofits.com

$2,000. Think about this number. Theoretically, it's just a number, one of many. But... somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first time in history, reaching record high, as the chart below shows. How did gold manage to achieve it? The obvious reason is the coronavirus crisis and its economic consequences. But let's be more specific. The first driver was the elevated risk perception spurred by the pandemic and the Great Lockdown, which increased the safe-haven demand for gold. The second explanation is ... (full story)