SINGAPORE - Gold pushed toward the highest level since 2012, lifted by concerns over a second wave of coronavirus infections and growing uncertainty in Hong Kong after China released details of a proposed national security law.
Gold is up 15 per cent this year, buoyed by unprecedented stimulus to aid the global economy hurt by the coronavirus-related lockdowns. "Markets have been optimistic lately, looking through poor data and newsflow and betting on a strong recovery, but the one thing markets wouldn't be able to ignore is economies stalling again and the threat there is a second round of lockdowns," said Sean MacLean, research strategist at Pepperstone Ltd.
Source: Law Daily Report (lawdailyreport.net)
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