Gold has maintained its safe haven status, with prices now having reached eight-year highs at about $1 800/oz on a fresh wave of Covid-19 infections that has been reported in parts of the US, the UK and China, integrated business enterprise Mitsubishi Corporation states. It notes in its ‘2020 half-year precious metals’ report that the fresh wave of infections in the US is prompting certain states to delay their reopening measures and is fuelling fresh fears of the economic impact of Covid-19.
