May 13, 2020

Gold is up $10.00, trading at $1,714.60, after Jerome Powell spoke about the current economic state of the US and called on Congress to provide additional aid to struggling families.  Powell said that the effects of the corona virus could be long lasting, however, emphasized that the Fed is not considering negative interest rates as part of its easing plan.  Stocks are down across the board, with the three major indices in the red about 2%.