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April 29, 2024
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Tag: COVID-19

Gold falls below $1700 as...

(31 March 2021) It seems nobody...

The Covid second wave takes...

(21 October 2020)  It would seem...

Gold falls below $1700 as dollar rallies on reopening hopes

(31 March 2021) It seems nobody likes gold these days.  Bitcoin grabs all the headlines as it approaches $60,000, while gold has been in decline ever since its record high of $2089 last August.  More recently, gold has trended lower as optimism surrounding the vaccine rollout and economic re-opening has bid up the US dollar and taken bond yields sharply higher.  Typically, gold is inversely correlated with the dollar and long term yields. This week gold retested its early March low of 1673 before rebounding today to $1715.   Gold's...
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Markets

Gold falls below...

(31 March 2021) It seems nobody likes gold these days.  Bitcoin grabs all the headlines as it approaches $60,000, while gold has been...
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Covid

The Covid second...

(21 October 2020)  It would seem the second wave of Covid-19 is now underway.  The number of infections and hospitalizations are spiking across...
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Markets

Gold surges to...

(28 July 2020) Gold closed at a new all-time record high of $1944 today as the US dollar extended its precipitous decline.  Gold's...
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Markets

EU Covid bailout...

(21 July 2020)  Stocks remained buoyant to start the week after the European Union agreed to a massive $2 Trillion bailout package to...
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Markets

Lunar eclipse marks...

(30 June 2020) It's all too appropriate for 2020: a lunar eclipse that takes place just minutes after America's July 4th Independence Day...
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Markets

Understanding the Covid...

(9 June 2020) Looking at the stock market, it's hard to believe we are even in a recession with double-digit unemployment.  And yet the...
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Markets

Stocks rebounding on...

(19 May 2020) Financial markets remain generally steady this week as investors are focusing their hopes on the future, both in terms of...
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Covid

COVID-19: how likely...

(5 May 2020)  It seems we are beginning a new chapter in this coronavirus pandemic.  As the lockdowns are slowly being relaxed and...
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Markets

Oil trades in...

(20 April 2020) We live in strange times.  In recent weeks, the worldwide coronavirus pandemic shutdown has seen an unprecedented effort to stop...
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