It is easy to forget now but there was a time early on in the pandemic when the price of gold was in free fall.
But the precious metal has since seen one of the most ferocious rallies ever. At the close of trading in New York on July 24, bullion had spiralled to about US$1,900 an ounce, some 30 per cent higher than the low it hit in March and just 1 per cent off a record high set back in 2011.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
