Gold Prices Soar In 2020, Nears 8-Year High
GOLD PRICES HAVE SOARED THIS YEAR, AND SOME EXPERTS THINK THEY COULD EVENTUALLY PASS THE ALL-TIME HIGH
(CNN) – Gold prices are soaring this year and they could pass the all time high of $1,900.
In March, the prices dipped along with the rest of the market because of coronavirus fears.
But now, gold prices are up nearly 15% in 2020.
Gold is currently trading around $1,700 and $50.00.
That’s a nearly eight-year high.
The Federal Reserve has cut interest rates to zero which has helped push gold higher.