As we have reported over the last few weeks, gold prices have been climbing higher due to the profound economic impact of the coronavirus pandemic. While this is great news if you’re already an investor, it may have impeded your investment plans if you haven’t yet heeded our advice to buy now. There is good news this morning though and a window of opportunity to buy gold if you act quickly as Wall Street recovered yesterday (Tuesday) after teetering on the brink of a bear market.

The recovery came after the US government pledged a large economic stimulus package to drive away the growing threat of recession caused by the virus slowdown. With several US regions declaring a state of emergency, US president Donald Trump announced cuts to US Federal payroll taxes. As a result of the promised stimulus, markets went full steam ahead to recover from the previous days dire performances, with the Dow Jones ending Tuesday 4.89% up and the NASDAQ gaining 4.95%.

The resurgent stock market and stronger dollar led to a decline in gold prices – it closed at $1649.30 yesterday, lower than we have seen in a while. Buy now before the window of opportunity closes again.

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