Central Banks Fire Bazooka at Coronavirus. Will Gold Rally?

From sunshineprofits.com

The new coronavirus has already infected the global economy. The global lockdown means that recession is inevitable. The central banks all over the world have stepped in, cutting interest rates and pumping liquidity into the system. For example, the ECB announced an economic stimulus program worth €750 billion, in addition to the earlier €120 billion. Together, the ECB’s stimulus amounts to 7.3 percent of euro area GDP. Importantly, the central bank of the eurozone will buy both public and private securities in a flexible manner. As Christine Lagarde explained the rationale behind the new asset purchase ... (full story)