While gold has been on a generally positive trend for the past few years, the onset of the global pandemic has made bullion’s relevance as a hedge even more apparent – and accelerated its price performance.
During the first half of 2020, the price of gold increased by 17%, followed by an additional 10% gain for the month of July, outpacing all major assets.
Spot gold set a new all-time high on July 28, reaching $1,940.9 an ounce on the LBMA Gold Price PM (PM Price) and topping $1,981.3 intraday.
Capital Limited (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.