June 08, 2020

Gold is up $22.00 to begin the week, trading right around $1700, recovering some of its losses brought about after last week’s shocking jobs report which caused equities to surge on Friday.  Stocks are up modestly, with the Dow rising about 1% and the S&P 500 and Nasdaq each up about 0.6%.  This comes as the National Bureau of Economic Research said today,  that the US is officially in a recession because of the COVID pandemic which ended the longest period of economic expansion on record, spanning from June 2009 to February 2020.