WHOLESALE gold prices in London’s bullion market headed into the long Easter weekend at $1675 per ounce on Thursday, trading 3.8% higher from last Friday’s finish as world stock markets extended their rebound from March’s Virus Crisis crash.Continue reading
PRICES to buy gold held onto yesterday’s strong gains in all currencies on Wednesday, trading above $1640 per ounce as Western stock markets rallied following the Federal Reserve’s dramatic cut to US interest rates spurred by the widening global virus outbreak.Continue reading
The coronavirus global pandemic is the black swan of all black swans.
Countries around the world are rolling out wartime-like emergency measures to fight COVID-19. Estimates by the OECD suggest that measures to curb the spread of the virus will cause economic output to decline between 20% and 25%.