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27 Jun 2020

Coronavirus update US: Florida cases rise by 9,585, biggest daily increase since pandemic started

The number of confirmed COVID-19 cases in Florida increased by 9,585 on Saturday to post the biggest daily increase since the pandemic started, the state's health department announced, as reported by Reuters.

This development is likely to cause markets to remain risk-averse at the start of the new week, which could provide a boost to safe-havens such as gold and JPY while weighing on global stock indexes.

This week, the S&P 500 lost 2.85% and closed a little above the critical 3,000 mark. Moreover, the 10-year US Treasury bond yield fell 8.5% on a weekly basis.

Jun 27, 2020

Gold Price Analysis: XAU/USD registered highest close in nearly 8 years above $1,770

The troy ounce of the precious metal gained 1.5% last week and posted its highest daily/weekly close since October of 2012 at $1,771. Heightened conce
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Jun 28, 2020

Gold: Next week's key macroeconomic events to keep an eye on

The troy ounce of the precious metal gained more than 1.5% last week and closed at its highest level since October of 2012 at $1,771. Heightened conce
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