Gold Price Falters as COVID-Aid Talks Break Down
APMEX
10/6/2020 2:13:36 PM
Gold Price Falters as COVID Aid is Discussed
Gold briefly fell below the $1,900 an ounce mark mid-Tuesday. The yellow metal has given up nearly $22 to mark around $1,902 an ounce.
President Trump tweeted on Tuesday that he had instructed his representatives in talks with Democrats over an economic aid package “to stop negotiating until after the election.”
Stocks on Wall Street gave up their gains after the president’s tweet, which accused Speaker Nancy Pelosi of “not negotiating in good faith.” The S&P 500 dropped as much as 1% after Trump’s tweet. It had been up to over half a percent in the moments before.
Top U.S. and European central bankers on Tuesday called for renewed government spending to support families and businesses as the battle against the COVID-19 recession enters a new critical phase.
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