Gold rallies towards $2,100 as investors seek safe-haven assets

Gold rallies towards $2,100 as investors seek safe-haven assets

Gold prices continued their bullish trend on Wednesday after breaching the $2,000 psychological barrier, and hit new peak of $2,041 per ounce as investors looked for safe-haven assets amid the rising geopolitical tensions and uncertainty over the ongoing coronavirus pandemic that has left over 18.7 million infected and 700,000 dead.Market insiders and experts said gold will sustain its upward trend and may cross the $2,100 level before going for a price correction next week. They said the yellow metal will shine in the wake of a weak dollar, falling US Treasury yields and expectations of more stimulus measures for the pandemic-ravaged global economy."The precious metals are likely still in the early stages of a long-cycle bull market despite