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Why people consider gold to be a ‘safe haven’ in crises like the coronavirus

Updated : April 21, 2020 06:48 AM IST

Investors’ fear levels are particularly high right now, as the coronavirus pandemic turned a global health crisis into an economic one
As the world’s earliest form of currency, gold’s physical properties have meant it has long been considered a reliable store of value.
The price of gold, which is normally in dollars, moves in the opposite direction to the greenback.
Why people consider gold to be a ‘safe haven’ in crises like the coronavirus

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