The resultant boost to demand for safety may help both gold and the dollar, said DailyFx strategist Margaret Yang, adding technical corrections were unlikely to change the metal's uptrend "in the mid- to long-term". "Weak US dollar also supported the yellow metal prices", said Ajay Kedia, director, Kedia Commodity Comtrade. The vast amounts of stimulus unleashed by governments and central banks have also aided prices and, after the success of a European package this week, focus turns to ...
He said on Tuesday he wants to "get something done by the end of next week" before the extra unemployment insurance benefits expire. Sen. Roy Blunt, R-Mo., has been an advocate for more spending to increase access to rapid result tests as well as more money to aid distribution doses of an eventual vaccine.
In March, Congress authorized a wave of direct $1,200 payments for individuals earning up to $75,000 a year, plus $500 for each dependent child. Republican Senator John Cornyn of Texas told reporters that he "is not sure" that another round of payments is "the best use of money", and argued that previous stimulus controls, in his opinion, were one.
Walt Disney has reportedly slashed its advertising budget on Facebook and its Instagram photo and video sharing service. Disney didn't make a public announcement on its Facebook cutback, and the WSJ report cited anonymous sources.
Anthony Hucker, CEO of Southeastern Grocers (Winn-Dixie, Bi-Lo, Harveys, etc.) initially signed the letter, but backed out of it later, stating that the stores would only require face coverings in states where it was mandated. In an effort to help decrease the spread of the coronavirus, many local retailers are asking customers to don a facial covering prior to entering their stores.
China's gross domestic product in the second quarter rose 11.5% from the first quarter, according to data released by the National Bureau of Statistics Thursday. At the same time fixed-asset investment shrank 3.1% in the first half of the year, versus a forecast drop of 3.3%. Retail sales were a weak spot, declining 1.8% on the year in June, which was an improvement on the 2.8% fall see in May but well below expectations for 0.3% growth.