Crude as demand outlook – Hedge funds and money managers cut bullish wagers on U.S. crude, data showed on Friday, as rising coronavirus cases around the world weakened the demand outlook, and a rise in OPEC output last month also weighed on the market.
Money Market
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India Q1 GDP Outlook: Economy is Forced to Shutdown And Restart Mode
India Q1 GDP was likely to see its lowest point of growth this year during the April-June quarter at -15.2%, according to a Nomura report on Wednesday.
Silver vs. Gold: How the two metals compare as investments
Gold Silver Reports – Investors in gold and silver have made out like bandits, especially when you compare the returns of the world’s two best-known precious metals with those of stocks.
Gold buyers are forking over lofty US$135 premiums for US coins
Consumers who want to buy gold coins typically have to pay more than the per-ounce prices quoted on financial markets in London and New York. That premium has jumped to US$135, more than tripling from two months ago, said Robert Higgins.
Goldman Says Narrow Breadth in S&P 500 a Bad Sign for Stocks
The U.S. benchmark is around 17% below its February record, but the median stock trades 28% from its peak, Goldman strategists including David Kostin wrote in a note Friday.