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Stock impact report

Gold eases from 1-month high as dollar firms on virus slowdown hopes [CNBC]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: CNBC
Freshly cast gold ingot bars sit in the foundry at the JSC Krastsvetmet non-ferrous metals plant in Krasnoyarsk, Russia, on Tuesday, Nov. 5, 2019.Andrew Rudakov | Bloomberg | Getty ImagesGold prices eased on Tuesday from a one-month high as the U.S. dollar gained strength on signs of a slowdown in fresh coronavirus cases, but concerns over the economic fallout from the pandemic provided a floor to bullion.Spot goldA pullback was expected, said Michael McCarthy, chief strategist at CMC Markets, adding that the dollar's strength was  also pressuring gold."But it's pretty clear that the trend in the short term is  upward. A lift in equities is not weighing on gold because it  rallied overnight alongside equities ... there appears to be a serious breakdown in the inverse correlation between gold and  growth assets."The dollar held close to a near two-week high, while Asian shares followed gains in U.S. stock markets on signs of easing  coronavirus deaths.New York Governor Andrew Cuomo sai Show less Read more
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