Commodity Weekly: Gold pops, oil drops as Covid-19 maintain its grip
Commodity weekly taking a closer look at the latest developments
Podcast: Surge in confirmed COVID-19 deaths spook markets
The contours of a rebound yesterday were shattered first on new US regulation hitting Huawei and other Chinese technology companies and then rapidly surging confirmed COVID-19 deaths in Florida spooking the market.
Market Quick Take - July 10, 2020
A surge in coronavirus cases and deaths have soured the risk sentiment ahead of the weekend. The S&P 500 trades near the low of the week, crude oil extending its losses on demand concerns while gold has struggled to ignite fresh buying momentum above $1800/oz. The dollar once again acting as the go-to currency while bond yields dropped in response to a well-received 30-year debt auction. An eight-day buying frenzy in Chinese stocks paused with Beijing showing some unease over the speed of the recent rally.