Gold Sees Best Year in a Decade: ETFs & Stocks to Shine (Revised)
Zacks Investment Research | Jan 11, 2021 04:20AM ET
After wrapping up its best annual performance in a decade, gold continued its solid run to start 2021. This is especially true against the backdrop of lower U.S. yields and surging coronavirus cases that has raised the appeal for the yellow metal as a great store of value and hedge against market turmoil.
Though the rollout of vaccines took some shine away from the yellow metal in recent weeks, surging coronavirus cases and the resultant fresh economic restrictions as well as runoff elections for two Senate seats in Georgia has again boosted demand for the safe haven. In fact, the yellow metal has become investors’ preferred asset class amid the COVID-19 pandemic (read: Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
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