Tag Archives: Gold

US Closure – Strong US PMIs Derail Stimulus Prospects, Biden Selects Yellen, Backwardation, Gold Crumbles, Ethereum Overtakes Bitcoin

[ad_2][ad_1] US equities peaked after flash PMI readings showed the recovery gained further momentum as hiring rose to all-time highs, dampening the prospects for significant fiscal support from Congress. Commercial activity remained strong as news business growth rose to a 30-month high. Domestic demand is driving the recovery and this …

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Oil up, stocks hit records as US political uncertainty eases

[ad_2][ad_1] NEW YORK (Reuters) – Shares closed at record highs on Tuesday, while bitcoin and oil prices also rose as political uncertainty eased after US President-elect Joe Biden got formal green light to begin his transition to the White House. Unless he spelled out his defeat after repeated false claims …

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