The gold spot once again breaches the seven-year high with spot prices touching USD 1,764.73 per ounce (as on 18 May 2020 5:46 PM AEST).
An array of dismal U.S. economic figures and prevailing market sentiments propel spot:
- CPI index falls by 0.8 per cent for April 2020.
- Core CPI declines by 0.4 per cent for April 2020.
- Core PPI and PPI for April witness a plunge of 0.3 per cent and 1.3 per cent, respectively.
- Weekly unemployment claims soar to 2.9 million against market consensus of 2.5 million; however, improved against the previous peak of 6.6 million.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.