Fed’s Clarida says central bank has tools to avoid deflation
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Commodity currencies down as OPEC+ deal fails to soothe demand concerns
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Gold steadies near 1-month peak as recession risks rise
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Freeport-McMoRan closes New Mexico mine as coronavirus cases spread
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Fed’s Neel Kashkari says coronavirus economic recovery ‘could be a long, hard road’
Kashkari’s comments came days after the Labor Department reported that another 6.6 million Americans filed first-time unemployment claims in the past week. Source: Coronavirus: Fed’s Kashkari says economic recovery could be slow, hard
Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
Source: Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one – Reuters
Oil prices are flat after OPEC and allies agree to historic production cut
Oil prices were flat in overnight trading after OPEC and its allies agreed to a historic deal to cut production by a record 9.7 million barrels per day. Source: Oil prices are flat after OPEC and allies agree to historic production cut
Russian central bank turns attention to banks hit by slower gold exports
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Why gold prices are getting a big boost from coronavirus
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Iran’s Gold Extraction Hit 8.5m Tons Last Year
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