The price of gold has hit US$2000 an ounce for the first time, making it one of the world's best performing assets. The record price is in part due to investors moving cash into precious metals while Covid-19 cases rise in the United States. Meanwhile, silver, platinum and palladium prices have also risen sharply, with some predicting silver may soon overtake gold. OANDA senior market analyst for Asia Pacific Jeffrey Halley joins the show to discuss the situation and explain why investors should always have some metals in their portfolios.
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