Gold Market Wire
News, analysis and commentary for gold traders and investors
Stocks Markets Record 10% Gain on day as USA Declares National Emergency
US stock exchanges staged a dramatic end of day turnaround after President Donald Trump announced a national state of emergency over the Corona Virus. The promise of large scale stimulus packages was exactly what the market wanted to hear - and it promptly soared on the news.
Truly historic swings. For those long option premium - a chance for instant retirement on gamma.
Gold made a move back up on the close, with the April concert trading last at $1528.9 A subdued response. Monday's opening should be an interesting event.