A guide to the surge in the precious metal’s prices during the coronavirus pandemic

Gold prices hit a record at the end of last week, notching a new milestone in a bull run that began in late 2018 and has gathered momentum during the coronavirus pandemic. The precious metal has soared roughly 30% in 2020 to stop just short of closing at $2,000 a troy ouncewhich would be an all-time high in New York tradingas it outstrips the Nasdaq Composite Index of highflying technology stocks.
Here is how the gold market works, and why prices are on the rise now.