Gold dips 1% as policy easing hopes buoy equity markets [CNBC]
U.S. Global Investors, Inc. - Class A (GROW)
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Source: CNBC
Gold bars sit in a vault at the Perth Mint Refinery in Perth, Australia, on August 9, 2018. Carla Gottgens | Bloomberg | Getty Images Gold slid over 1% on Tuesday, after breaching the $1,700 ceiling in the previous session, as signs of global policy easing to cushion the economic impact from the virus epidemic eased some of the investors' concerns. Spot gold U.S. gold futures "People are rebalancing portfolios ... we expect to hear more dovish remarks from the global central banks, and some policy easing," said Michael Matousek, head trader at U.S. Global Investors. Bullion rose as much as 1.7% on Monday to its highest since December 2012 at $1,702.56 after a rout in global equity markets on prospects of the economic impact of the virus outbreak, and an oil price war triggered a crash in crude prices. U.S. equities surged 2% at the open as signals of coordinated policy easing to avert a global recession soothed traders. U.S. President Donald Trump vowed to take "major" steps to bolste
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GROW
Sec Filings
- 4/24/24 - Form 13F-HR
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- GROW's page on the SEC website