Here are five things you should know for Thursday, July 30: 1. – The point of futures of actions lowers considerably Shares plummeted on Thursday after the Federal Reserve issued a bleak outlook for the US economy and pledged its continued support, and the largest and most powerful tech companies …
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Thursday Market minute Global stocks plummet as the Fed keeps rates unchanged, but paints a grim picture of the United States’ recovery based on containing the coronavirus pandemic. Fed President Powell says the FOMC “is not even thinking of raising rates,” and warned that recent consumer and job data suggests …
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What’s happening: The United States Office of Economic Analysis will release its first GDP estimate for the April-June quarter on Thursday. Economists surveyed by Refinitiv expect an annualized contraction of 34.1%. That would be the worst quarter since the agency began keeping quarterly records in 1947, and four times worse …
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Gold increased nearly 30% in 2020. Traders have flocked to gold and other precious metals as the value of the US dollar has fallen. Silver prices rose approximately 35% this year to approximately $ 24 an ounce. The dollar has fallen more than 3% against other major currencies this year …
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Gold futures were modestly higher on Wednesday, ready to post a ninth straight gain after scoring a record deal and intraday high a day earlier, as investors await the outcome of a Federal Reserve policy meeting. In the weeks after the last Fed meeting, “the number of new [COVID-19] cases …
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