Business
Newcrest chief says investors have ‘rediscovered’ gold amid COVID-19 – Sydney Morning Herald
Newcrest says coronavirus and extreme global uncertainty have caused investors to rediscover the importance of having gold in their portfolios.
“You’ve got generations of investors that may not understand gold’s history, but they are learning about it very quickly. It’s a fantastic investment in terms of hedging, particularly in bad times. It’s good to have gold in your portfolio.”
The price of gold set a new peak last week, hitting $US2070 an ounce, passing the previous all-time high set in 2011. Despite having eased to around $US1950, forces including geopolitical tensions and second-wave COVID-19 outbreaks could still continue to un…
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