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05.05.2020 Gold Daily Analysis

Gold is trading at $1,704.40 down by another 0.52% due to countries easing their lockdown restrictions and reopening their economies.

Yazar: editor_1

Yayınlanma: 5 Mayıs 2020 17:26

Güncellenme: 15 Kasım 2024 14:03

05.05.2020 Gold Daily Analysis

Gold is trading at $1,704.40 down by another 0.52% due to countries easing their lockdown restrictions and reopening their economies. Investors are buying into stocks as the stock market recovers. With stocks like MSFT having recovered by +2.45%, AAPL by +1.42% and NFLX +3.10%. Deputy national security advisor Matthew Pottinger stated that the US is not considering punitive measures against China for mishandling the pandemic.  Easing the tensions is causing investors to sell the gold safe haven.
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