In January 2021, the price of gold fell due to the Biden administration’s $1.9 trillion coronavirus relief package. The price of gold would fall every time the US government announced anti-coronavirus programs and plans. In… Read full author’s opinion and review in blog of #LiteForex
After falling below $1200 per ounce in 2018, gold rebounded sharply over the next 12 months, and a significant bullish trend began. Its yield increased by almost 20%, whereas its quotes went up to $1,556 per ounce. The rally continued in 2020. The COVID-19 pandemic increased the popularity of the precious metal as a hedging instrument, which has led to an increase in its price.