Oil Price Tanks Globally Despite OPEC and Russia working together to cut production of oil, the oil price still tanked globally. The oil market suffers as a lack of demand grows since people around the world are in quarantine. Global oil prices fell about 40% so far, making for the […]
The coronavirus shutdown has affected the entire world. This includes large and small businesses, colleges and universities, and even transportation. Crude oil and many other stocks experienced brief rallies only to fall again a few days later. Hope spikes then dissolves among investors that this virus will be cured soon […]
April Gold 2020 and economy The coming week has several high impact events that will affect gold prices. Today, April 15 (Wed), data for US Retail Sales for March will be released. The Bank of Canada will give its Monetary Policy report and Interest Rate decision. Also, employment statistics for […]
Theorized Near Future of the Stock Market At this time, the stock market seems to be making headlines with the highest weekly price rally since 1974. Despite this upward turn from the massive waterfall plummet of February and March, analysts say that the stock market did not hit its lowest […]
As the coronavirus wreaks havoc on the stock market, the gold price has not suffered the same losses as the Dow Jones and S&P500. Instead, gold and silver saw record levels of demand over the past few weeks, even with fluctuating prices. The demand for precious metals has mostly increased. […]
