Market Views: Is gold set for an all-time high?

It has been an eventful time so far this year for gold – as for most other assets – with the yellow metak plunging along with equities in March and then soaring past a seven-year high, all within a few weeks. Gold is seen as a safe haven asset that can hedge against sell-offs in the capital market. However, from March 11,when Covid-19 was declared a pandemic, it fell 9% in eight days to $1,474 an ounce, along with stocks, bonds and other financial assets. As the oil…