Gold holds steady as dollar firms and stocks slide

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Colombia Noticias Noticias

The safe-haven metal is in limbo as the coronavirus weighs on markets

Gold granulate is seen at a plant of gold refiner and bar manufacturer Valcambi in the southern Swiss town of Balerna. Picture: REUTERS/MICHAEL BUHOLZER

“We’re not really seeing a clear-cut catalyst for gold here. On the one hand, we’re getting a stronger US dollar because the recent comments from the Federal Reserve are supportive,” said DailyFx currency strategist Ilya Spivak. Fed chair Jerome Powell said on Wednesday the US economy is beginning to recover from the worst of the coronavirus crisis, but with about 25-million Americans displaced from work and the pandemic ongoing, it will need more help.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in CO

Colombia Últimas Noticias, Colombia Titulares