After a recent correction from its strong upwards trend in 2020, gold is once again moving higher. Following a significant market crash of its own, the S&P 500 has also started March with its own almost 5 percent rally.<\/p>\n
Despite the S&P 500’s gains, gold’s current rally seems stronger. The price action suggests that investors remain wary of the sudden bounce back after stocks cratered so hard recently.<\/p>\n
Amongst global uncertainty surrounding the spread of the coronavirus, as well as the responses of lawmakers and central bankers to it, gold prices are once again moving up. According to a report in Kitco News<\/em><\/a>, a lack of clear direction in a recent G7 statement on tackling the virus, as well as unconventional policy by the Federal Reserve, is behind the move.<\/p>\n BREAKING: The #Dow<\/a> is down 600 points after surprise #Fed<\/a> rate cut. #Gold<\/a> prices are holding near session highs. April gold futures last traded at $1,636.50 an ounce, up 2.31% on the day. pic.twitter.com\/sqHVFlP73I<\/a><\/p>\n — Kitco NEWS (@KitcoNewsNOW) March 3, 2020<\/a><\/p><\/blockquote>\n\n