Connect with us

Business

PRECIOUS-Gold nears 8-year high as virus fears drive demand for safe haven

Published

on

 


    July 1 (Reuters) - Gold prices edged higher on Wednesday,
hovering near an eight-year high, as a spike in COVID-19
infections in the United States assuaged hopes of a swift
economic rebound, pushing investors towards the safety of
bullion.
                            
    FUNDAMENTALS    
    * Spot gold        edged up 0.1% at $1,782.21 per ounce by
0115 GMT, after hitting its highest since early October 2012 at
$1,785.46 in the previous session.
    * U.S. gold futures        eased 0.1% to $1,799.30.
    * Fresh U.S. coronavirus cases could more than double to
100,000 per day if the current surge spirals further out of
control, the government's top infectious disease expert warned
on Tuesday.             
    * U.S. Treasury Secretary Steven Mnuchin and Federal Reserve
Chairman Jerome Powell on Tuesday pledged to do more for the
U.S. economy as it battles the enormous fallout from the virus
outbreak.             
    * Gold tends to benefit from widespread stimulus measures
from central banks because it is widely viewed as a hedge
against inflation and currency debasement.
    * Japanese manufacturers' confidence sank in the second
quarter to levels not seen since the 2009 global financial
crisis, underscoring the damage from the pandemic.             
    * Sentiment in global equities was shaken after Beijing
unveiled new national security laws for Hong Kong, indicating a
more authoritarian future, prompting the United States to begin
eliminating the city's special status on Monday.             
    * Asian stocks were set for a bumpy start to the second half
of the year as optimism about a global economic recovery clashed
with indications that the U.S. health crisis may not yet be past
its peak.            
    * Palladium        fell 0.3% to $1,925.05 per ounce, while
platinum        rose 0.7% to $822.50 and silver        gained
0.6% at $18.24.
    
    DATA/EVENTS (GMT)
1345  US       Markit Mfg PMI Final
1400  US       ISM Manufacturing PMI
1800  US       Federal Open Market Committee will release the
minutes of its June 9-10 policy meeting

 (Reporting by Brijesh Patel in Bengaluru, Editing by Sherry
Jacob-Phillips)
  

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]