Gold has ‘immunity’ to coronavirus, Goldman says

  • Goldman Sachs said that as the coronavirus outbreak continues to batter global markets, gold is a safe bet for investors.
  • “While so much about the current environment remains unclear, there’s one thing that isn’t: gold, which—unlike people and our economies—is immune to the virus,” Goldman Sachs head of global commodities research Jeff Currie said in a note to clients. 
  • Gold has gained 5% this year, far outpacing the S&P 500′s more than 8% decline.

As the coronavirus outbreak continues to pressure global markets, Goldman Sachs said there’s one asset class that’s safe: gold.

“While so much about the current environment remains unclear, there’s one thing that isn’t: gold, which—unlike people and our economies—is immune to the virus,” Goldman Sachs head of global commodities research Jeff Currie said in a note to clients.