Saturday, October 23, 2021
80.8 F
Fort Worth

Hello, gold

🕐 1 min read

Investors have retreated to a traditional safe haven at times of fear and uncertainty — gold — during the coronavirus pandemic. While stocks are down roughly 12% this year, and other commodities like copper, silver and oil have lost value, gold prices are up 15% in 2020 and nearly 40% from a year ago. For decades, gold has been the place investors have stashed their money during fearful times. Gold spiked during the 2008 financial crisis
and continued to climb for another three years. The precious metal hit a record high in August 2011 of $1,831 an ounce, during the standoff between House Republicans and President Obama over the debt ceiling debate, which caused the United States to lose its “AAA” credit rating. The price of gold is almost back to its 2011 high, as the coronavirus pandemic shutters businesses worldwide and brings economies to a standstill on par or worse than the Great Depression. Investors

Related Articles

Our Digital Sponsors

Latest Articles

Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate