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Gold is traditionally a favorite safe haven for investors and when it offers bond flats or negative returns and stock market slips it’s elsewhere. This must have happened during the coronavirus crisis when gold prices reached record highs.
According to Reuters, the silver spot price its real time price reached $ 29 an ounce last week. It has moved back a bit but still stands at around $ 27 indicating a seven-year high and a 39% gain since the start of the precious metal rally in mid July.