Pick of the Month: NewGold ETF
When stock markets take hits and there are bouts of panic, gold tends to outperform
Gold has traditionally been viewed as a safe haven in times of grave uncertainty. And few investors have ever seen the sort of uncertainty introduced into the global economy by the fast-spreading Covid-19 virus outbreak.
While stock markets — most notably the major US bourses — have bounced back from an initial Covid-19 swipe, there are lingering fears of a pronounced and prolonged global recession.