Safe Haven or Not ?? Why Are Precious Metals Grounded ??
Precious Metals Stay On Ground As Trump Fires Stimulus Rocket !! Author- Vivek Shukla Chief Portfolio Manager- Wealth Guru Financials Twitter- @vivekshukla4444 Instagram- @wealth_guru_ WhatsApp- 9198544444 We live in the strangest of times where a 24 hour period can feel like 24 days. Just yesterday, I wrote that I wasn’t sure if Donald Trump’s acknowledgement of a potential recession from the coronavirus would help gold as a safe haven, since two U.S. rate cuts within two weeks haven’t done anything for the yellow metal. But the events of the past 24 hours make me wonder if I have to recant that view. That’s because on Tuesday, the President of the United States fired a flurry of economic stimulus rockets at the pandemic. The biggest of these carried a $1 trillion capital-infusing warhead, designed to take out the economic decapitating forces of the scourge before it claims more American businesses and jobs. Brief Pop, Before Retur...