Gold has topped $2,000 an ounce for the first time ever as traders look for safe havens amid the pandemic.
The yellow metal is now higher by more than 30% in 2020, supported by a weak US dollar, low yields, and hopes for more stimulus measures.
Gold prices are likely to continue their upward journey as the price has broken a major psychological resistance level.
Gold has all the reasons to climb even higher, considering the weakening US Dollar, expectations for inflation, and the unprecedented levels of monetary stimulus from governments and central banks all around the world.
The driving factors for the precious metal are widely expected to stay for a while longer, and gold prices are likely to continue to shine for some time.
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