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COVID Gold Market Impact from Strained Economy

From bullionexchanges.com

The coronavirus continues to sweep across national borders to infect humans and crush the economy. The impact of this global shutdown has affected the lives of millions of Americans as unemployment skyrocketed to 10 million. This economic shutdown has also affected the gold markets, but gold is seeing a comeback from the fluctuating stock market, oil price war, and unemployment. As the economy continues to struggle to get back on its feet, the gold market is expected to boost to $1800 over the course of a year. Back in February, unemployment was at a half-century low around 200,000. Today, the US sees about 10 ... (full story)

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  • Category: Fundamental Analysis