Gold climbed to its highest level in almost 8 years today, Wednesday, because the demand for the valuable metal - considered a secure haven - received support on fears of a high number of coronavirus infections, and hopes for more stimulus to combat economic damage.

Spot gold rose 0.1% to $ 1767.93 an oz by 06:45 UTC after touching $ 1773 - its highest level since October 2012 - in early trading in Asia, as US gold futures rose 0.2 % To $ 1785.80.

Central banks around the world have adopted strong stimulus measures and kept interest rates low, which has helped gold prices rise quite 16% since the start of the year.

The alpha-beta brass is widely seen as a hedging instrument within the face of inflation and currency depreciation.

In contrast, palladium fell 0.1% to $ 1921.46 an oz , and platinum fell 0.3% to $ 826.54, while silver fell 0.3% to $ 17.89.

Bonds are less risky: they are parts of a loan, notably issued by a government. Their yield, therefore, depends on the rate of credit: the lower it is, the less the yield of the bond. However, rates are currently at a low level and should remain there. As for passbooks and life insurance (largely invested in bonds), they often do not yield more than inflation now.

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