Sunday, January 24, 2021

Tag: How Gold Has “Outed” the Recent Stock Market Turnaround

How Gold Has “Outed” the Recent Stock Market Turnaround

from Birch Gold Group:

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold is highlighting the shakiness of the recovery in stocks, $2,700 could be an easy target for gold prices, and what’s behind the persistent spread between the New York and London gold prices.

Gold’s price movement shows that investors don’t believe in a stock recovery

From a brief glance, the recent rise in the stock market comes off as markedly positive. After the Federal Reserve pumped trillions of dollars into the economy, the market has rebounded by about 30% from its March lows. Yet, as CCN’s Joseph Young notes, a closer look shows that a recovery is not only questionable, but that many investors are fully bracing for a downturn.