Precious metals rally cools amid profit-taking; markets hope for new US fiscal stimulus package
9.05am BST
The precious metals rally is running out of steam, for now. The price of spot gold has fallen 1.5% to $1,913 an ounce while spot silver has lost nearly 6% to $23.20 an ounce, after hitting a seven-year high of $26.19 an ounce.
There is some profit taking, but the dollar has also recovered some ground after hitting two-year lows.
We hope that we would be able to reach an agreement. We clearly do not have shared values. Having said that, we just want to see if we can find some common ground to go forward. But we’re not at that place yet.
8.54am BST
One million jobs lost in Spain because of the coronavirus crisis – that’s a staggering number. Economists say it’s worse than during the financial crisis.
Spain One million jobs lost in a quarter. Worst quarter than peak of previous crisis. Including furloughed jobs, 26% of labour force in some form of unemployment benefit scheme. pic.twitter.com/Evf8jBkq1K
Continue reading…Precious metals rally cools amid profit-taking; markets hope for new US fiscal stimulus package 9.05am BSTThe precious metals rally is running out of steam, for now. The price of spot gold has fallen 1.5% to $1,913 an ounce while spot silver has lost nearly 6% to $23.20 an ounce, after hitting a seven-year high of $26.19 an ounce.There is some profit taking, but the dollar has also recovered some ground after hitting two-year lows. We hope that we would be able to reach an agreement. We clearly do not have shared values. Having said that, we just want to see if we can find some common ground to go forward. But we’re not at that place yet. 8.54am BSTOne million jobs lost in Spain because of the coronavirus crisis – that’s a staggering number. Economists say it’s worse than during the financial crisis.Spain One million jobs lost in a quarter. Worst quarter than peak of previous crisis. Including furloughed jobs, 26% of labour force in some form of unemployment benefit scheme. pic.twitter.com/Evf8jBkq1K Continue reading…