Gold Is The Best Application on The Financial Market Roller Coaster in 2020

In a year marked by the unpredictability of a pandemic, the Real lives under pressure, and the stock market closes at a record rate

São Paulo

The financial market was the central stage for the unbelievable in 2020. While the Stock Exchange went from peak to bottom, only to go up again later, the Real had a year under pressure and the dollar reached historical heights. However, attesting uncertainty is still the key factor of the moment, with the widespread of the new coronavirus, the best investment of the year was, in the end, gold.

In Brazil, gold has reached a value increase of 56% in the year, at R$ 316 a gram, according to the CMA database.

However, it has also reflected the instabilities of the year. At the end of February, when the pandemic spread to the west, even the precious metal suffered, dropping to the rate of US$ 1,500 per troy ounce.

The drop proved to be just a hiccup and the metal once again raised in value as investors sought security in the uncertain scenario of the moment. For the first time in history, starting in August, the ounce exceeded US$ 2,000.

Translated by Cassy Dias

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