futures leaped as much as 1.5% on Monday as surging coronavirus cases pushed investors into the popular hedge bet.
Investors typically rush to gold as they grow more worried of a stock market rout. An uptick in coronavirus cases throughout the US sparked new fears of a longer-than-expected recession over the weekend. Florida recorded three straight days of record-high case counts, while North Carolina, Texas, and Arizona posted similarly dire testing data.
The metal recently thrived on from the expectation of low rates remaining for years. Federal Reserve policymakers revealed in June they expect near-zero interest rates to last at least through 2022 to ensure a robust economic recovery. Such forecasts strengthen gold's relative value for investors hungry for yield.
Logical
Buenas perspectivas para el Gold
I don't want a pickle. I only wanna ride on my motorcycle.
Gold seems like a terrible investment at a time like this. The time to buy gold was before the crisis. $GLD
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Stores hiring workers to clean, take temperatures amid pandemic change - 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. that is like NOT living in Hong Kong :)
Läs mer »
Valentino sues NYC landlord to exit Fifth Avenue store lease after pandemic - 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. Wow It starts as a droplet, forming a trickle. And before you know it, it's a raging torrent. I am an gambler, I want to leave, I need help
Läs mer »
Pandemic makes it clear: time to address mental health in America, US - 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. PJK4brainhealth kennedyforum Yes, please give it to those who cluster in huge groups & somehow believe they aren’t spreading disease! PJK4brainhealth kennedyforum Patrick I hope you enjoyed Father's Day. Ted was always kind to us. If the Senate passed the HEROES act many people would have less stress. PJK4brainhealth kennedyforum Panic, anxiety & depression could be reduced if people felt secure about being able to meet their basic human needs during the crisis.
Läs mer »
Traffic has rebounded to about 90% of pre-pandemic levels, report says - 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. newYork and newJersey are back to being a shitshow on the roads i'm absolutely shocked that more cars on the road would result in more traffic. literally gobsmacked.
Läs mer »