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.
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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.”
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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.”
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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.”
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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.”
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