Analyst: “Overall gold is clearly performing its safe haven asset role in a market where volatility remains high and the next bear movement for stocks could be just around the corner if the virus comes back with a second wave.”Read More
Author: News Team
OANDA Analyst: “The virus is far from over, but the wave of positive news had taken some air out of gold’s wings.”Read More
Analyst: “The U.S. Federal Reserve left interest rates unchanged and it should stay there for sometime. Going forward, the unprecedented monetary stimulus provided by the European Central Bank and the Fed is likely to increase demand for gold.”Read More
Fed statement: “The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.”Read More
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