Gold prices this weekare headed higher, which marks an end to comparatively lower price levelsseen last month, and multiple analysts opine that there is potential forcosts to rise even higher in the weeks to come.This makes it an idealtime to either make the most of low prices now to stock up or brace for higherprices in the weeks to come, if you are an investor looking to sell and pocketa handsome profit.Supporting the casefor rising prices is the resurgence of the coronavirus cases, especially acrossEurope. Uncertainty around US elections and the possibility of additionalstimulus drove investors to bullion, which is considered as a hedge againstinflation and currency debasement.
In terms of a market investment perspective, isthe price of gold rises when there is higher risk of uncertainty surroundingany globally significant event. So, as these pandemic-related risks are stillhigh, and expected to only increase in the weeks to come, the natural effect ongold prices is that it will keep rising further.
Lorem ipsum dolor sit amet, consectetur adipisicing elit. Velit omnis animi et iure laudantium vitae, praesentium optio, sapiente distinctio illo?