Looking at the figures from the World gold Council here are some...

Looking at the figures from the World gold Council here are some points that may elucidate the recent rise in Gold.

• Mine production of Gold has decreased for 2020, as a consequence of COVID 19.
• Gold as an investment has increased significantly this year, giving a net increase in demand when decreased demand from other sectors are considered.
• The seeds of inflation have been sown by the Federal Reserve, Qantitative Easing is realatively easy to distribute but, a nightmare to bring back in or undo. When inflation becomes 'self evident' it will likely be too late and collateral damage to economies is very likely.
• It is important to note there a multiple factors present in the economic environment that influence the gold price, it seems there is a confluence building to create a perfect storm for gold prices. Even if COVID dissapears tomorrow, the economic hangover will last for years.