Gold has seen significant price appreciation in the past year, rising to a record of over $2,067 per ounce in early August – an increase of 35.4% from its starting price in January 2020 – and ending 2020 at $1,887.60, up 23.6% for the full year. This increase was driven by (among other factors) the impact of Covid-19; central bank policies focused on near-zero interest rates;  investors’ fears about a possible recession…