April 24, 2020

Gold is poised to end the week up over 2.5% as collapsing oil prices pulled equities down most of the week while boosting safe-haven assets like metals. However, stabilizing oil prices Friday helped stocks close in the green while gold and silver both pulled back from their recent highs. Unemployment data released today showed 4.3 million new claims this, bringing the total to over 26 million since the virus outbreak.