Gold, Silver, Stock Markets and Bitcoin Witness a Slight Rise Amid Coronavirus lockdown

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The prices of Gold and silver has shot up worldwide in the global market as the concern of this Pandemic has depleted the demand for these precious metals.

GOLDUSD Chart
GOLDUSD Chart

The price of spot gold has increased by 0.2 percent and is not standing at $1618.18 per ounce. 

Other precious metals such as platinum have also witnessed an increase in the price by 2 percent and are now standing at $734 per ounce, and the cost of silver has also increased to $14.45 per ounce.

Talking about India, the gold prices have witnessed a sudden surge by 1.1 percent and currently standing at ₹43720 for ten grams.

 

Few Asian markets witness a rise

NI225 Chart
NI225 Chart

Even though COVID-19 has been nothing but bad news for us, some of the Asian markets are experiencing a significant increase in their stocks as their investors are hoping for gold a good outcome. The peaking of these stocks is taking place in the stock markets and South Korea and Japan as they were trading more than two percent higher within a span of six to seven hours. It is predicted that the demands of the United Kingdom And other European countries would also experience a surge in their stock prices and trading rates shortly. 

It seems that the investors are currently withdrawing their shares as they expect the market to drop down anytime soon. 

 

Dow future NY experiences a sharp peak in the times of this Pandemic

US30 Chart
US30 Chart

The Dow Jones has reached over 700 points higher overnight as the investors of Dow are finally witnessing the end of the Coronavirus Crisis. According to the Governor of New York, Andrew Cuomo, the peak of this outbreak in the region might list for seven days, and it may decline after that. 

 

Bitcoin reaches $7000 mark

BTCUSD Chart
BTCUSD Chart

Today, Bitcoin has yet again breached its price as it touches $7,000 mark. From Sunday’s lows, BTCUSD has experienced a five percent increase despite the increasing effects of the Pandemic.

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Pratap is an avid reader and he wishes to give back the community something in return. He is currently pursuing Engineering in the field of Computer Science in Bengaluru. He has a genuine passion for writing and spreading it to everyone. He has a thirst for knowledge and always seeking it out and aiming to be a better version of himself.

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