Gold reaches New Heights

The yellow metal reached a new peak today by touching 1473 € an ounce and the day is not even over! After a little lull at the start of the year, gold gradually performed to reach its current peak.

It's no secret that gold is the ultimate safe haven and plays its role to perfection. Economic instability and the fear of a further slowdown are pushing up the price of precious metals.

Indeed, Apple has communicated that it should expect a slowdown in its activity due to a drop in demand in China and its results should suffer. Apple could therefore become the symbol of the economic slowdown and its warning is hanging over the stock markets this morning. Apple therefore confirms the trend that had already been traced last week by Alibaba by also warning about its results.

In addition, Asian countries which heavily dependent on China, such as Japan and Hong Kong, are also beginning to show signs of the impact of Covid-19 on their economies.

There is no doubt that gold should still reach new heights in the event of an economic recession in Asian countries.