Gold Headlines

Caution reigns in wake of Nasdaq bounce, euro drifts higher ahead of ECB meeting

Dow rallies 450 points as tech recovers from massive sell-off

Fed’s Main St. Loan Program Going Mostly to $1 Million-Plus Borrowers

Gold falls on firm dollar, vaccine delay limits losses (Reuters)

Investors now await the outcome of the European Central Bank’s policy meeting due on Thursday and the Bank of Canada’s policy meeting on Wednesday. “European countries do need some kind of economic help from the central bank, which would make the euro a little weaker compared to the dollar, but given the lingering uncertainties, that won’t cause much damage to gold’s shine,” said independent analyst Ross Norman. The COVID-19 pandemic has weighed heavily on economies worldwide, forcing…

Gold dips on dollar strength, cenbank meetings in focus (Reuters)

Investors now await the outcome of the European Central Bank’s policy meeting, due on Thursday. While no major policy moves are expected since it has acted aggressively to shore up the virus-hit economy, investors will watch out for its inflation forecasts. Gold is used as a hedge against inflation and currency debasement. The Bank of Canada’s policy meeting is also on Wednesday, while the U.S. Federal Reserve’s meeting is scheduled for next week. https://www.reuters.com/article…

Mortgage demand from homebuyers surges 40% from a year ago amid sales spree

U.S. readies bans on cotton, tomato imports from China's Xinjiang

US budget deficit hits record $3 trillion: CBO

The CBO has estimated that the deficit for the full fiscal year ending this month will amount to $3.3 trillion, continuing to add to the nation's growing debt. By next year, the debt will exceed 100 percent of GDP for the first time since World War II, and will break its all-time record in the years after. https://thehill.com/policy/finance/515582-us-budget-deficit-hits-record-3-trillion-cbo  

Tesla rebounds 7% after suffering its worst single-day loss in history

Nasdaq falls more than 3% as tech plunges once again, Dow drops 500 points