Daily Nuggets: Gold Soars After Rough US Jobs Data
Central banks around the world have cut interest rates and rolled out a wave stimulus measures to limit the economic damage from the virus.
Read More
Author: News Team
Daily Nuggets: Gold Drops as Refineries Resume Operations
Analyst: “Technically the trend remains bullish, as investors are still buying gold as insurance in case of a second wave of coronavirus, while central banks are forced to print large quantities of money to mitigate the crisis.”
Fed’s Evans: ‘Reasonable’ to Expect US Growth Later This Year
Evans: “The pickup in activity will likely be slow at first, because of continued social distancing and other safety precautions.”
Daily Nuggets: Gold Mostly Flat as Investors Consider Riskier Assets
Analyst: “Investors may be a little too optimistic at this point, underestimating just how gradual a process this will be. The bullish case for gold still remains the enormous amounts of monetary stimulus in the system.”
Central Banks’ Pandemic Battle Could Stretch Into an Infinity War
Fed Chair Powell: “We’re still putting out the fire. We’re still trying to win. And I think we’ll be at that for a while. We won’t run out of money.”
Watchlist
