It was the year of Covid 19, masks, lockdowns, the Coronavirus Stock Market Crash, massive pandemic stimulus by the Federal Reserve to save the markets from a total meltdown. Volatility left many of us wondering what happened.
The U.S. Stock indexes ended the year at historic highs as precious metals recorded the best returns last year of all the major assets.
- Gold finished the year up 24.6%, but down from its all-time highs of $2,075/oz achieved on August 7th.
- Gold was also a resilient asset. Thanks to its strong start in January (4.8%) Gold held up during the Coronavirus March crash and only fell 4.4% below the yearly open.
- Silver’s performance over the year was also sterling, Silver investors enjoyed 47.4% returns despite a -34.7% pullback in March.
The VisualCapitalist.Com created the beautiful visual below comparing the returns across asset classes, gold, silver, currencies, and S&P 500 sectors. They also show the drop from the 2020 open to the 2020 lows—along with the recovery from 2020 lows to the closing price.
