The Global Airline Shutdown Has a Surprise Victim: Gold Miners
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China’s economy in worst downturn since ’60s in virus battle
Read the original here: China’s economy in worst downturn since ’60s in virus battle
Oil falls as Chinese economy outweighs Trump plan to ease lockdown
Read the rest here: Oil falls as Chinese economy outweighs Trump plan to ease lockdown
Trump issues guidelines to open up parts of US where coronavirus cases are in decline, testing ramped up
More here: Trump issues guidelines to open up parts of US where coronavirus cases are in decline, testing ramped up
Gold on track for 2nd weekly gain on global recession fears
Source: PRECIOUS-Gold on track for 2nd weekly gain on global recession fears – Reuters
Saudi Aramco supplies 8.5 million bpd of oil as of May 1
Saudi Aramco will supply its customers with 8.5 million barrels per day of crude oil as of May 1, the company said in a statement.
Statement by OPEC Secretary General
Statement by HE Mohammad Sanusi Barkindo, OPEC Secretary General, to the Intergovernmental Group of Twenty Four (G-24) - Meeting of Ministers and Governors, 16 April 2020, virtual meeting.
World stocks gain on stay-at-home profits, bond yields slide
Source: World stocks gain on stay-at-home profits, bond yields slide – Reuters
China’s gold market rebounds
Chinese gold ETFs’ AUM reached a record high for the month of March. Source: China’s gold market rebounds – MINING.COM
Take Profits in Gold, Says Analyst, in an Upbeat Call on the Economy
Barclays analyst Matthew Murphy thinks it’s a good idea to sell shares of gold miners and put the money to work in companies producing metals that would benefit from a recovering economy. Source: Take Profits in Gold, Says Analyst, in an Upbeat Call on the Economy . – Barron’s