Gold Trapped Between Inflation and U.S. Optimism
1/15/2021 8:54:25 AM
Gold Trapped by U.S. Optimism & Inflation
Gold has fluctuated all week with no clear direction yet, hitting $1,848.92 by 9 a.m. EST this morning on a quick plunge downwards. Gold’s troubles have not affected Platinum, though, which rose 3% week over week despite a big drop at the end of this week.
Bitcoin dropped by around 20% to start the week. Corn commodity markets hit a six-year high, as the big three crops run into a supply shortage.
COVID-19 numbers flattened out in the U.S. as a whole. J&J’s vaccine was tested and found safe, adding another option for people needing vaccination.
Outgoing President Donald Trump was impeached again. Incoming President Joe Biden unveiled his COVID-19 stimulus package, a $2 trillion affair that incorporates larger stimulus checks, extra unemployment benefits and business relief.