If you haven’t already moved to protect your portfolio by investing in gold, now is the time to do just that with safe haven demand surging for the precious metal. Although the vaccine news gave hope to markets earlier in the week as we have reported, reality is now setting in as case numbers continue to soar, leading the dollar to fall, yesterday (Thursday).
We are seeing the markets now turning the attention away from the positive news of the vaccine to the present reality that the virus continues to grow untamed, signalling that the shoots of economic recovery seen in the US and UK could quickly be dampened.
In addition, investors are rushing to add gold as it looks increasingly likely that there will not be a smooth transition of power from President Trump’s administration to president-elect, Joe Biden. Some headlines already suggest his refusal to concede is putting national security at risk.
This is all good news for gold which often comes into its own as a safe haven amidst times of turmoil. Act quickly to safeguard your portfolio, buy now.
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