Gold Headlines

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

We're Headed toward Stagnation—Unless the Fed Reins In Its Money Printing

Money Markets Have a $750 Billion Problem in Zero-Rate World

Gold under pressure from robust dollar; ECB meeting awaited

If the U.S. Federal Reserve does not announce any fresh fiscal push while the ECB announces some stimulus package, “in dollar terms, gold will face some headwinds,” said OANDA analyst Craig Erlam. The dollar strengthened against its rivals, making gold more expensive for holders of other currencies, amid bets that policy signals from the ECB on Thursday could weigh on the euro. Market players also awaited the policy meeting of the Bank of Canada on Wednesday, while the U.S. Fed’s next…

Euro zone bond yields fall as focus on Italy's new 20-year bond, ECB