Gold climbed over 1% to a more than one-week high on Thursday as worries over the global spread of the coronavirus spurred safe-haven flows and raised hopes of further monetary policy easing by major central banks.
Rekindled coronavirus angst sparked fresh bids for U.S. debt on Thursday, sending the rate on the benchmark 10-year note back to an all-time low.
OPEC agreed on Thursday to cut oil output by an extra 1.5 million barrels per da...
Such steps are regarded as more plausible and measured alternatives to further cuts in the ECB’s negative interest rates or fresh increases in monthly bond purchases.
The Morrison government harbours real fears Australia is at risk of falling into recession from the coronavirus, as it prepares a multibillion-dollar economic stimulus package which will focus heavily on tax relief measures.
CNBC's "Halftime Report" team is joined by Jeffrey Gundlach, CEO and co-founder of Doubleline, to discuss the Federal Reserve's emergency rate cut and the bond market's reaction.
"Bond King" and DoubleLine Capital CEO Jeffrey Gundlach said that he believes the Federal Reserve panicked in cutting interest rates.
Pension funds are faced with even lower bond yields and no assurance that the equity market will rescue them amid worries about effects of the coronavirus.
Supplies from China will dry up, slowing manufacturing and port activity worldwide.
"To deviate from their tapering schedule would be to either tacitly acknowledge that it's been shadow QE this whole time or further capitulate to some in the market's interpretation of what the demand represents" - BMO
US and Europe monitoring short-term delay to supplies, with antibiotics, diabetes medications, HIV drugs and ibuprofen among those heavily reliant on China.
Threats, propaganda and the Orwellian dissolution of social trust cannot stop a withdrawal from the status quo.
The Telegraph: If you are going to fire a shock-and-awe bazooka for psychological impact, you must be sure of hitting your mark.
Gold futures were headed higher on Thursday, supported by weakness stocks and a slide in government bond yields due to worries about the COVID-19 epidemic....
Gold seems to have reacted not as much to the rate cut itself, but to the surprise...
The reasons the central bank reduced rates help explain why another cut is probably on the way.
And this was all before the coronavirus impacted the global economy...
Not only did the rate cut not unlock additional funding, it actually made the problem worse...
The coronavirus is delivering a one-two punch to the world economy, laying it low for months to come and forcing investors to reprice equities and bonds to account for lower company earnings.