Again Digital Gold team listened to community, I like that approach and do this same in my business, always listen to clients and employees to find the best solution to every problem, honest feedback is sometimes priceless.
I keep accumulating my GOLD tokens, hope to see gold price hitting another ATH i next few months, fingers crossed.
I wonder what are your predictions GOLD token community? we haven't talked about the gold price for a while here, let's bring this topic back please.
In the current situation, gold is still a powerful safe-haven asset. News about the new coronavirus strain force investors to shift from risky assets to gold and the US dollar. In the future, any fears about economic problems, the discovery of new virus strains will force money to flow into gold and other safe-haven assets. It is also worth considering the growth of inflation, which accelerates the prices of goods.
Probably gold is the only commodity that hasn't grown in the last year. Everything grew: oil, timber, metals, etc. But gold, which is traditionally a hedge against inflation, barely rose.
Why? We have only one explanation. If everyone in the market is waiting for the same event, it usually doesn't happen. This is exactly what happened with the yellow metal.
But now, the main part of traders does not expect a bull run in gold. Perhaps it can be the time the price will make a strong move removing the bears from the market.