Gold Price Plummets 10% as Majority of Stocks Fall

Gold is not a necessity like a grocery or hygiene items. Consumers realize that surviving COVID-19 lockdown needs only essentials. No one can satisfy a stomach with a gold bar. So, investors think the same when a priority for life eyes them. Since most of the stocks tend to fall as they can’t even satisfy the basic needs of the investors.

Precious metals lose fight against a rubber

Medics on the front treating patients with novel coronavirus are armed with tools mostly made of rubber. Rubber plantation businesses enjoy the situation when the healthcare industry demands made the price of the raw material soar thrice or even more. Especially, Malaysian rubber is praised for its high quality. Gloves, helmets, goggles, medical dress, and respirator masks mostly consist of rubber. Well, gold becomes a secondary tool in avoiding the danger of the health crisis.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life

Alex Krakowsky has 979 posts and counting. See all posts by Alex Krakowsky