May 15, 2020

Gold broke $1,750 today as retail data came in worse than expected, boosting the appeal of haven assets.  Retails sales fell 16.4% in April, its largest drop on record.  Gold is looking to close the week up nearly 3% and silver is currently up about 8.5% for the week.  Stocks began the day in the red after the weak retail data, but have since turned positive with the Dow up about 100 points.