Today gold is trading at $1,607.90 (+1.04). Gold is regaining its status as a safe haven in the midst of economic instability due to the coronavirus pandemic. According to the World Health Organization, the number of worldwide cases of coronavirus has exceeded 800,000. United Overseas Bank (UOB) has made a forecast of the gold prices by the end of the upcoming quarters. The head of markets strategy of UOB, Heng Koon said, “Our forecast is for gold to rebound significantly in the quarters ahead to USD $1,650 in the second quarter of 2020, $1,700 in third, $1,750 in the fourth and $1,800 in the first quarter of 2021.”