Urgent: Mnuchin announces that the Fed's ammunition has not run out, and "gold" is rising

News
Friday, November 20, 2020 - 14:47
Point Trader Group

Gold prices rose today after news from US Treasury Secretary, Stephen Mnuchin, that the Fed's ammunition and support tools are not finished yet.

Early on, Mnuchin contributed to raising the price of the US dollar index, after decisions to suspend some emergency funds.

Today, gold prices also benefit from the increase in infections with the Corona virus, and the complete ban in the US state of California, with the Centers for Disease Control (CDC) warning against going out and traveling during the Thanksgiving holiday.

Meanwhile, the Dow Jones futures index is declining, and preparing to open lower.


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