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Gold’s big question: Can the bull market outlive a pandemic?

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Gold’s record-breaking bull market is facing an existential question after this month’s pharmaceutical breakthroughs: what happens to the rally once Covid-19 vaccines start rolling out?Gold is viewed by many as the archetypal haven asset, inevitably driven higher in times of turmoil.

By that logic, a beginning of the end of the crisis would signal a turning point for the rally. But the precious metal also serves as a hedge against inflation.

And with the massive amounts of money being poured into the global economy this year, any signs of rising consumer prices could send investors diving back to bullion.For most of 2020, conditions could hardly have been better for gold, as the deluge of money printing, weaker dollar and global uncertainty.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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