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What happened to the price of gold during the Great Recession in the United States

What happened to the price of gold during the Great Recession in the United States

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The price of gold started increasing during the Great Recession in the United States because investors find it safer to invest in the gold than any other classes of assets. Historically, at the time of recession when there is a lot of uncertainty in economy and equity and debt market is not performing well, at that time it is seen that gold outperform the other asset classes.

The Great Recession was a period of economic decline in the U.S. in 2007- 2009. It has followed the financial crisis of 2007-08 in the country and U.S. subprime mortgage crisis. There was a sovereign debt crisis but the price of gold increased during the Great Recession in the United States as the investors shifted to the gold.

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