Page 60 - AM200325
P. 60
Even 'safer' investments hit
When a crisis hits, investors often choose less risky investments.
Gold is traditionally considered a "safe haven" for investment in
times of uncertainty.
Until March the price of gold increased. But now, with investors
increasingly fearful about a global recession, even the price of gold
has tumbled.
Likewise, oil has slumped to its lowest price since June 2001.
Investors fear that the global spread of the virus will further hit the
global economy and demand for oil.
11
