New heights seen for gold as coronavirus continues to spread globally
GOLD prices are expected to continue trending upwards as investors keep rolling the dice following risks incurred from Covid-19, which has spread into new territories and disrupted economies worldwide.Gold, as a safe-haven asset, has rallied 7% from the uncertainty caused by the Covid-19 virus. In 2019, it posted stellar returns of 19% due to the trade tensions between the US and China.“As the extent of the virus has not been fully quantified and its economic effects are now only surfacing with companies guiding lower earnings, there is more upside for gold,” StashAway Malaysia Sdn Bhd cou...