Guess Who Trump Blamed for Today’s Sharp Stock Market Reversal

The stock market’s three primary indices all set new intraday records on Tuesday. But a sharp reversal struck as Fed Chair Jerome Powell testified on Capitol Hill. President Trump ripped Powell a new one, blaming him for the stock market sell-off. The U.S. stock market huffed and puffed to new all-time highs on Tuesday, prompting […]

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Gold Price Poised to Knock Out Another 7-Year High: 3 Reasons Why

The price of gold rallied 0.9% to $1,590.70/oz. on Thursday, the highest in three weeks. A combination of technical and fundamental forces has bullion hitting new seven-year highs this quarter. Inflows into gold exchange-traded funds (ETFs) have already hit seven-year peaks. The price of gold rallied sharply on Thursday, as coronavirus fears overshadowed economic data, […]

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U.S. Stocks Slam on the Brakes as Fed’s Powell Expects Coronavirus to Disrupt Global Economy

The Federal Reserve voted on Wednesday to keep interest rates on hold. Stocks extended their rally post-FOMC but later declined as Chairman Jerome Powell expressed concerns over the caronavirus outbreak. Traders are skeptical about the Fed’s claim that rates will remain on hold this year. The Dow and broader U.S. stock market finished mixed on […]

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