About: http://data.cimple.eu/news-article/04811f5b447ebb0af794a551a0e033f5607ba84442f9c33262608ee3

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About: http://data.cimple.eu/news-article/04811f5b447ebb0af794a551a0e033f5607ba84442f9c33262608ee3 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Gold prices rocketed to a record high on Monday with spooked investors rushed into the safe-haven as the coronavirus spreads across the globe, while the weaker dollar also provided strong support. The metal surged more than one percent to $1,930.48 per ounce in Asian trade, with analysts predicting it could soon break $2,000. With the disease showing no sign of letting up, traders have been flocking to gold, which is seen as a safe bet in times of crisis and uncertainty. Vast monetary easing measures put in place by the Federal Reserve, pushing the dollar lower against most other currencies, have added to its attractiveness. "Strong gains are inevitable as we enter a period much like the post-global financial crisis environment, where gold prices soared to record levels as a result of copious amounts of Fed money being pumped into the financial system," said Gavin Wendt, senior resource analyst at MineLife. Demand for the commodity has also helped silver more than double in value from its March lows, up four percent Monday at $24.10 an ounce. dan/axn
schema:headline	Gold hits record high of $1,930 per ounce on haven demand
schema:mentions	Pretty Maids Commodity Federal Reserve Metal Asia Coronavirus Gold as an investment Quantitative easing AXN
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-27 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	74 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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