Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
Downward Pressures Resume Despite Fed Interest Rates Cut
Asian stocks finished lower on Monday after the Fed cut the benchmark interest rate to zero and announced a massive quantitative easing program in an emergency move. The new fed funds rate will now be…
Central Banks’ Bazooka Misses Target, Stocks in Freefall
Central banks led by the US shot off a bazooka of lower interest rates and quantitative easing but it has missed the target. Markets are back into freefall. Friday’s gains have evaporated and shares are headed…