US Q1 GDP Ravaged by Coronavirus — and the Worst Is Yet to Come
PNC Chief Economist: “The next few months will be extremely difficult for the U.S. economy, with a historic contraction in GDP in the second quarter.”
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Author: News Team
Daily Nuggets: Gold Slips Amid Positive COVID-19 Drug News
“In a world of gnarly economic and real-life news flows, gold declines are likely to be limited, given the favorable opportunity cost to warehouse yellow metal with interest rates at zero across the board.”
Daily Nuggets: Gold Drops as Lockdown Easing Lifts Risk Appetite
Commodities manager: “The demand destruction due to Covid-19 cannot be overstated, volatility in financial markets remains elevated and precious metals especially gold remains as good hedge in an investor’s portfolio of other financial assets.”
Daily Nuggets: Gold Falls as Hopes of Lockdown Easing Lifts Risk Appetite
Gold and precious metal prices moved lower as nations eye the prospect of easing coronavirus-related restrictions soon.
Trump OKs $484B Small Business Stimulus; Hedge Funds Barred From Aid
Small Business Administration: “Hedge funds and private equity firms are primarily engaged in investment or speculation, and such businesses are therefore ineligible to receive a PPP (Paycheck Protection Program) loan.”
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