Gold Headlines

Global dividend plunge to be worst since financial crisis ($400 Billion)

Gold slips as coronavirus treatment hopes boost risk appetite (Reuters)

Investors are now waiting for U.S. Federal Reserve Chairman Jerome Powell's speech at Jackson Hole on Thursday for any hints about how aggressively the central bank will try to manage the long-term recovery from the coronavirus pandemic. "The U.S. central bank should reiterate its pledge for ultra-low rates, providing some support for gold," Avtar Sandu, a senior commodities manager at Phillip Futures, said in a note. "The central bank may be expected to signal greater tolerance for…

Coronavirus treatment hopes lifts global stocks

37 million fewer jobs according to the IRS

Struggling retailers rush to file for bankruptcy as fears of a second wave linger

Gold slips as dollar rebounds; set for second weekly decline (reuters)

“The dollar has made a lot ground over the past few days and it really has taken the edge off gold,” said OANDA analyst Craig Erlam, adding that while on the upside $2,000 is now a big barrier and $1,860 could be a bit of test prior to that. Against a basket of currencies, the dollar gained 0.6%, making gold more expensive for holders of other currencies. https://financialpost.com/pmn/business-pmn/gold-slips-as-dollar-rebounds-set-for-second-weekly-decline

July home sales spike a record 24.7% as prices set a new high

Gold prices slide for 3rd session, setting stage for first back-to-back weekly skid since March

The dollar was up 0.5% early Friday, putting a measure of the buck against a half-dozen currencies, the ICE Dollar Index, on track for a weekly rise of 0.2%, prompted partly by comments from the Federal Reserve that implied that the central bank isn’t yet willing to implement unconventional strategies to hold interest rates lower for longer amid the COVID-19 pandemic. “Gold bulls have been missing in action this week as investors digested the latest Fed minutes which temporarily injected…

Two gold nuggets worth $350,000 found in Australia

Euro sinks as business rebound stutters in August