{"id":416761,"date":"2020-03-03T20:00:15","date_gmt":"2020-03-03T20:00:15","guid":{"rendered":"https:\/\/wncen.com\/?p=416761"},"modified":"2024-06-11T13:42:49","modified_gmt":"2024-06-11T13:42:49","slug":"golds-vertical-rally-shows-investors-dont-really-trust-todays-stock-market-upsurge","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/golds-vertical-rally-shows-investors-dont-really-trust-todays-stock-market-upsurge\/","title":{"rendered":"Gold’s Vertical Rally Shows Investors Don’t Really Trust Today’s Stock Market Upsurge"},"content":{"rendered":"

After a recent correction from its strong upwards trend in 2020, gold is once again moving higher. Following a significant market crash of its own, the S&P 500 has also started March with its own almost 5 percent rally.<\/p>\n

Despite the S&P 500’s gains, gold’s current rally seems stronger. The price action suggests that investors remain wary of the sudden bounce back after stocks cratered so hard recently.<\/p>\n

Stocks Move Up, Gold Goes Parabolic<\/h2>\n

Amongst global uncertainty surrounding the spread of the coronavirus, as well as the responses of lawmakers and central bankers to it, gold prices are once again moving up. According to a report in Kitco News<\/em><\/a>, a lack of clear direction in a recent G7 statement on tackling the virus, as well as unconventional policy by the Federal Reserve, is behind the move.<\/p>\n

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BREAKING: The #Dow<\/a> is down 600 points after surprise #Fed<\/a> rate cut. #Gold<\/a> prices are holding near session highs. April gold futures last traded at $1,636.50 an ounce, up 2.31% on the day. pic.twitter.com\/sqHVFlP73I<\/a><\/p>\n

— Kitco NEWS (@KitcoNewsNOW) March 3, 2020<\/a><\/p><\/blockquote>\n