Treasury bond yields are reaching new lows which has heightened the appetite for gold.
The Australian economy will take a hit from the stage four lockdown in Melbourne, but it’s not alone.
The US dollar continued to slide, with a fall in shares and US Treasury yields, as GDP numbers showed the extent of the shock to the US economy in Q2.
“We’re in a tough situation” – that was the response from Jerome Powell to one question during the FOMC press conference this morning.
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