Investors are rushing into gold to maximise returns during the pandemic, but analysts urge investors to "take a breather"

Michael Dalder/Reuters

• Hedge funds are betting on gold as a way to maximize returns during the unprecedented monetary and fiscal stimulus. 
• But James Richman, chief executive and chief investment officer at JJ Richman said: "Gold needs to take a breather and pull back a little lower first before we can talk about any continuous rising from this point."
• Analysts point out that the fundamentals for gold have not changed and the exuberance may wane. 
• Track the price of gold live here. 
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Markets are betting on gold prices will rise as bond rates hit rock bottom following weeks of monetary and fiscal intervention, but analysts warn investors to "take a breather" from the precious metal. 

Elliott Management, Caixin Associates, and Dymon Asia Capital are some of the funds to bet on gold so far in 2020.

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