Gold prices rallied on Thursday despite a rather rosy session on Wall Street. The Dow Jones and S&P 500 closed +1.22% and +1.45% respectively to wrap up the holiday-shortened week. This is despite the ongoing onslaught of dismal US economic data that is being plagued by the coronavirus outbreak. Jobless claims surged 6.6 million last week, well above the 5.5m estimate and slightly lower than the previous 6.8m gain. Meanwhile University of Michigan Sentiment printed 71.0 in April, down from 89.1 prior. The velocity of the drop off was the worst on record as it reached the lowest since 2011. What drove focus away from ... (full story)