Poll: Strong Dollar, Weak Physical Market Will Tame Gold’s Rally
Prices could also be vulnerable if financial markets plunge again and investors need to cash in more liquid assets to stay afloat.
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Author: News Team
NY Fed: ‘Time Is of the Essence’ as Bank Boosts Lending Action
“The speed and the scale of downside pressure on the economy I think we’d all acknowledge is unprecedented in our lifetimes, so we’re doing whatever we can within our mandate to match that speed and scale.”
Daily Nuggets: Gold Sinks as Trump Plans to Reopen Economy
Also lifting risk sentiment, a report detailed encouraging data from trials of U.S. drugmaker Gilead Sciences Inc’s experimental drug remdesivir in severe COVID-19 patients.
5.2M Jobless Claims Filed, Wiping Out Almost All Job Gains Since 2009
ING Chief International Economist: “The scale of job losses we have had in the past four weeks is remarkable, nearly all the jobs gained since Great Financial Crisis are now lost.”
Daily Nuggets: Gold Pares Gains After Abysmal Jobs Update
“The record highs hit in the aftermath of the global financial crisis, and even higher, look perfectly reasonable, under the circumstances. The $1,800 level does not seem very far away.”
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