Gold rallies today with stocks; is this the answer to the gold drop mystery?
Usually gold, a safe haven, time-of-fear asset, rises when stocks stumble and worries climb. Not during last week's big sell off in stocks. Then gold and gold stocks moved down along with stocks. Today, however, as the Standard & Poor's 500 rallied to end the day...For another day, at least, financial markets continue to believe in central bank fairy dust
Financial markets moved higher on news that finance ministers and central bankers from the Group of Seven economies will hold a teleconference tomorrow, Tuesday, on how to respond to the coronavirus pandemic. The expectation is that central banks in Japan, England,...
China’s manufacturing sector contracts most ever in February
China's Purchasing Managers' Index for manufacturing fell to the lowest level on record at 35.7, accord to the National Bureau of Statistics. (The manufacturing index had been at 50 in January.) The PMI for the service sector also fell to the lowest level ever at...Jim’s Stock Alerts
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