Gold Is Ready to Rip Higher — Here’s Why
The stock market took a huge hit when the COVID-19 pandemic ramped up in March 2020.
Between March 4 and March 11, the S&P 500 tanked 12% into a bear market.
On March 12, the index fell another 9.5%. It was the biggest one-day decline since 1987.
Stocks and commodities were slammed across the market.
In the weeks that followed the crash, one thing rose farther and faster than anything else: gold.
Between March 22 and March 23, 2020, the price of June Comex gold futures rose from $1,567 to $1,660 — a 6% jump in one day.
By August, gold surpassed $2,000.
But equity prices started to rise. Investors moved out of their hedge positions and back into stocks. The price of gold sank again.
In this episode of The Bull & The Bear, we examine gold’s journey since March 2020, and where it might be heading next.
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