Gold futures rose 4% on Thursday to mark their highest settlement in seven and a half years. Even before the pandemic panic, “an economic, financial and monetary crisis was inevitable anyway and the pandemic accelerates and exacerbates this inevitable crisis,” said Mark O’Byrne, director of research at GoldCore. “Gold outperforms other assets and has generated a 12% dollar return since 2020, and this outperformance will continue in the months and years to come.” June gold
rose $ 68.50, or 4.1%, to $ 1,752.80 per ounce. This is the highest finish for a most active contract since October 2012, according to FactSet data. The markets will be closed on Good Friday. Gold futures rose about 7% for the shortened holiday week.