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MARKET UPDATE (LATE – 7/21/2020)
Bloomberg/7-21-2020
“President Donald Trump warned that the U.S. coronavirus crisis will probably worsen before improving. The outbreak escalated across the country, with California’s infections topping 400,000 and Texas reporting its second-deadliest day. Silver jumped to the highest in almost seven years and gold approached a record on expectations for more stimulus as the pandemic batters the global economy.”
USAGOLD note: We have a lot of people visiting the site looking for information. Here’s an update on what’s driving gold and silver (headline news at Bloomberg) …… It seems that the market is intent on closing the ratio gap to which we’ve given considerable attention over the past several months. Silver is up another $1 at $22.35 in the overnight market. Gold is up $17 at $1860.