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Why gold is still a safe haven in times of crisis

But many factors influencing gold’s price are less tangible, such as changing perceptions, preferences and market sentiment.

As then US Federal Reserve chairman Ben Bernanke said in 2013: "Nobody understands gold prices, and I do not pretend to understand it either.”

https://www.channelnewsasia.com/news/commentary/gold-price-covid-coronavirus-invest-safe-asset-commodity-market-13108768

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