Daily Nuggets: Gold Surges on Fed’s Monster Stimulus News
“Gold’s rallying because this monetary largesse will eventually have to be repaid and that payment may come as sudden higher inflation somewhere down the road.”
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Author: News Team
Fed Minutes Suggest Rates Will Stay Near Zero Until Economy Recovers
U.S. Federal Reserve officials, at two emergency meetings last month, grew increasingly concerned...
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Daily Nuggets: Gold Sinks Slightly as Investors Mull Fed Minutes
“Technically, the gold bulls have the solid overall near-term technical advantage amid a price uptrend in place … that strongly suggests the path of least resistance for prices will remain sideways to higher for at least the near term and probably longer.”
US Projected to Cut Oil Output as Demand Drags
The United States, the world’s top oil and natural gas producer, pumped a record of more than 12 million barrels per day (bpd) in 2019, according to the EIA.
Daily Nuggets: Gold Falls as Investors Pile Into Stocks
Analyst: “Risk appetite is back in the markets as new infections are declining, that’s weighing on gold prices. Also higher yields are negative for gold.”
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