Precious metals are apparently waking up. And here is where you can find the best deals.
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taly on Wednesday ordered the closure of all businesses except for pharmacies, grocery stores and banks—the most dramatic actions any government has taken to combat the coronavirus as Italy contends with the world’s most severe outbreak outside of China.
Asian markets fell in early trading Thursday, after another selloff on Wall Street that left the Dow in bear-market territory amid the global coronavirus pandemic.
Futures contracts tied to the major U.S. stock indexes fell sharply early Thursday after an address from President Donald Trump failed to quell concerns over the possible economic slowdown from the coronavirus.
Coronavirus Live Updates: European Stocks Down 6% After Trump Travel BanMar 12, 2020 - 03:44:06 PDT
European markets plunged Thursday morning as investors reacted to President Donald Trump's decision to impose restrictions on travel.
Mar 12, 2020 - 03:41:00 PDT
WHO Director General Tedros Adhanom finally admitted today that the coronavirus outbreak should now be officially recognized as a "pandemic". Find out why.
Markets are in absolute turmoil as the financial sector comes to the conclusion that the Wuhan virus may just be the pin that pops the Everything Bubble. Join Mike Maloney as he dissects the latest market action and offers some thoughts on where we may go from here.
The current retracement in the gold price is an enormous opportunity for traders to get back in the game or add to their position, similar to the institutions. If for some reason, the Fed doesn’t cut the interest rates during the meeting, it will create more panic in the equity markets, which would be a positive sign for the gold price.
Gold prices fell on Wednesday after rising as much as 1.3% earlier in the session, as traders sold the precious metal to cover margins for stock markets spooked by the global spread of coronavirus.
The current retracement in the gold price is an enormous opportunity for traders to get back in the game or add to their position, similar to the institutions. If for some reason, the Fed doesn’t cut the interest rates during the meeting, it will create more panic in the equity markets, which would be a positive sign for the gold price.
Mark Mobius, co-founder at Mobius Capital Partners, says he wouldn’t be selling gold at this stage as he explains why it will continue to trend higher.
Investors have piled into gold at a faster pace this year in anticipation of a wave of monetary easing to cushion the impact of the virus crisis. That’s pushed bullion prices to a seven-year high and holdings in exchange-traded funds to a record.
The plunge in the 10-year U.S. Treasury yields over the last week reflects the growing anticipation that the Fed and other central banks will cut rates and use other policy tools, including quantitative easing, to keep financial conditions from tightening during this period of volatility.
The speed with which the White House and Congress can agree on a stimulus plan to fight coronavirus is nearly as important as the details.
Market-wide circuit breakers that tripped Monday are in danger of going off again as selling in the S&P 500 dragged stocks to the brink of a bear market.
Cratering U.S. Treasury yields may be eroding the haven quality of some of the world’s safest assets, according to a growing chorus on Wall Street.Goldman Sachs Group Inc. says the coronavirus panic-driven plunge in yields makes the sovereign debt vulnerable to a correction...
The Federal Reserve is again increasing the amount of money it’s providing to banks for overnight borrowing, raising the top level now to $175 billion.
...this is the fastest drawdown from a peak into bear market in history.
The coronavirus threatens both public health and the global economy and may prove to be the most serious crisis of the century so far, former U.S. Treasury Secretary Larry Summers said, adding that policy makers haven’t yet been able to grasp its gravity.
The steps, which include mandating separate entrances and eating spaces for floor traders and staff, are aimed at reducing the likelihood that an event in the building’s office tower will impact operations on the trading floor...
Senate Democrats plan to ask President Donald Trump to declare a national emergency Wednesday to combat the effects of coronavirus and assist state and local governments.