Not everything is rallying on the job market’s surprise good news. Gold is diving and now trades under $1,700. Longer-term, lower interest rates and easing measures will likely lead to a massive rally for gold. Happy days are here again! At least they are in the stock market. Thanks to a surprise increase of 2.5…
Consumer spending has slowed down in many areas, but alcohol sales are booming. Americans cannot go out to restaurants and bars, so they drink alcohol at home to pass the time and handle the stress. The coronavirus pandemic has caused millions of job losses. Alcohol sales might fall in April if people spend more on…
Gold’s price posted its biggest single-day slide since 2013. The yellow metal bottomed at $1,564.00/oz., wiping out more than two weeks’ worth of gains. The selloff was triggered by fears that coronavirus will impact demand for raw materials as economic growth grinds to a halt. Steep declines in stocks and other assets may have also…
The Dow, S&P 500, and Nasdaq all crashed hard on Monday as Wall Street began to reckon with the coronavirus outbreak. Investors piled into haven assets, igniting a gold price surge and pounding Treasury yields. A former FDA commissioner says the government needs to prepare for a terrifying U.S. coronavirus outbreak. The Dow Jones Industrial…
