GRAPHIC-Gold miners and funds shine, boosted by coronavirus safe-haven bid [Reuters]
Gold.com, Inc. (GOLD)
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Source: Reuters
GRAPHIC-Gold miners and funds shine, boosted by coronavirus safe-haven bid April 24 (Reuters) - Shares of gold miners and funds dealing in the precious metal have rallied in recent weeks as the coronavirus crisis rocked global markets and investors raced to buy safe-haven assets. Spot gold has climbed more than 10% this year, the most among major assets tracked by Reuters and significantly above gains in U.S. Treasury bonds and the dollar, while equities and industrial commodities have borne the brunt of the sell-off, with the MSCI World stocks index and copper prices both down 17%. As investors debate whether the lasting effect of the virus, which has infected more than 2.6 million people and led to worldwide lockdowns, will be deflationary or inflationary, and as governments throw trillions of dollars at their shuttered economies, gold has emerged as the safe asset of choice. Despite most gold-miners shuttering production under the lockdowns and curfews, their shares have outpaced b
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