Analyst: “Eventually, diversification of assets will come, investors will not hold dollars forever. So, they will be looking to invest in safe assets and there will come the appeal for gold.”
The actions come less than a day after the automakers and the United Auto Workers union agreed to keep plants running with reduced shifts and staffing, and more time allowed for cleaning.
Carr: “This demonstrates that fundamentals don’t matter in the economy or the stock market. All that matters is consumer confidence.”
Analyst: “Gold continues to suffer from risk-off panics in the market, trading back below $1,500 level as S&P futures gave up stimulus-driven gains.”
Republican Senator Mitt Romney and Democratic Senator Sherrod Brown advocated for $1,000 payouts on Monday, while Democratic Senator Kamala Harris called for “emergency cash” for families.
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