Gold miners and funds shine, boosted by coronavirus safe-haven bid [Reuters]
Gold.com, Inc. (GOLD)
Last gold.com, inc. earnings: 2/12 07:00 am
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Source: Reuters
Gold miners and funds shine, boosted by coronavirus safe-haven bid (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 XAU= 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 .MIWD00000PUS 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. Graphic - Gold's performance against other assets: here Despite most gold-miners shuttering production un
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