How Does Gold Perform Amid Extreme Economic Turmoil?

July 19, 2022 12:00:06

Last month, the World Bank predicted a slowdown in the global economy, forecasting that economic growth would go down from 5/7% in 2021 to 2.9% in 2022. The World Bank warned that there was a compounded risk of global recession due to the Russia-Ukraine war and that less developed countries in East Asia and Europe were extremely likely to face a major recession.

In such times of economic turmoil, investors often turn to assets such as gold to store their money. Thanks to its ability to retain value even during times of…

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