Gold price: Factors that could derail record surge for precious metal - Business Insider

and the countries engaged in a blame war over who is responsible for the coronavirus outbreak.

A vaccine appears to be pretty close with virtually all of the world's big pharmaceutical firms scrambling to be first to produce a working solution to the virus. The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee, June 2, 2016 in Washington, DC.Interest rates have been historically low with central banks slashing them across the world, to help businesses benefit from cheap money.

Ross Norman, CEO of MetalsDaily.com, said: "Currently you would lock in a loss of just under 1% if you invested in this gilt-edged asset. Gold has a 93% negative correlation co-efficiency with declining yields and this has spurred over $230 billion in institutional money this year alone." "Gold is vulnerable to a stock market correction because, just like in March this year, if equities fall so will gold," he cautioned. The People's Republic of China flag and the U.S. Stars and Stripes fly along Pennsylvania Avenue near the U.S. Capitol in Washington during Chinese President Hu Jintao's state visit, January 18, 2011.One analyst mentioned that gold prices could move sideways in the run up to the upcoming US presidential election in November.

This is a paid message from the Democratic National Committee. It is solely responsible for its content.

Gee. Help me out here. Wouldn't a decline in gold prices indicate confidence in the US economy and not a flight to a precious metal to sit out the risk?

More of let them die for the economy.

Incorrect...and a well misguided article.

Fuck gold. We need Biden and a vaccine in that order.

I never wanted to vote for trump but voting for Biden is actually a brave new world vote.....

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peacock reported 10 million sign-ups this week - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Interesting & well considered distinction.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon's physical growth shows it sees e-shopping surge as permanent - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Power Line: Insiders and leaked audio reveal new details of job cuts at Exxon - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Marvel insiders describe a lack of diversity in editorial leadership - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Iran's stock market surges past key level to record high, as analysts warn of bubbleIran's main stock index broke through the key 2 million point mark for the first time ever on Sunday, state media reported, amid warnings that the market is overheating. Stock markets worldwide are pumping amidst record unemployment and impending catastrophic recession Literally, literally the first time I've seen a headline that suggested stock market growth was a potential risk. I can't imagine why. Pop
Source: Reuters - 🏆 2. / 97 Read more »