With the recent surge in oil and wheat prices due to the ongoing war in Ukraine, we take a closer look at what makes them tick, whether it’s an asset worth investing in, and more
Gold, a commodity, has long been regarded as a safe haven asset. Based on historical trends, gold prices have seen upticks, usually amid macroeconomic uncertainties and market turmoil.
Since the onset of the Covid-19 pandemic in 2020, gold prices have surged due its perception as a safe haven asset by investors. During the height of the pandemic that year, the price of gold saw its highest level since 2012 as the world experienced a second wave of Covid-19 infections.