Central banks around the world have cut interest rates and rolled out a wave stimulus measures to limit the economic damage from the virus.
Author: News Team
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.”
Evans: “The pickup in activity will likely be slow at first, because of continued social distancing and other safety precautions.”
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.”
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.”
Sign-up == X190YB02
Conquering the Market Starts Here ...
Our experts do the work to make investing safe and profitable for you. Sign up for FREE access to our Stock Power Daily daily emails and take control of the Markets!