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<blockquote data-quote="SlugSlinger" data-source="post: 3397761" data-attributes="member: 7248"><p>[ATTACH=full]169436[/ATTACH]</p><p><span style="font-size: 22px"><strong>Stocks advance as gold hits record high, dollar falters</strong></span></p><p>Jul. 27, 2020 4:26 AM ETBy: Yoel Minkoff, SA News Editor<a href="https://seekingalpha.com/news/3595056#comments" target="_blank">20 Comments</a></p><ul> <li data-xf-list-type="ul">Equities are on the rise alongside safe-haven assets ahead of a busy week for earnings, as well as a Fed meeting that will yield clues on what comes next for monetary policy.</li> <li data-xf-list-type="ul">S&P 500 futures climbed 0.5%overnight after Republicans <a href="https://seekingalpha.com/news/3595000-coronavirus-aid-package-coming-1200-checks-in-august" target="_blank">finalized a bill for about $1T</a> in coronavirus relief funds, while administration officials once again <a href="https://www.wsj.com/articles/trump-advisers-still-touting-v-shaped-economic-recovery-11595778992" target="_blank">touted</a> a 'V-shaped' economic recovery.</li> <li data-xf-list-type="ul">Meanwhile, gold <a href="https://seekingalpha.com/news/3595042-gold-hits-record-investors-opt-for-safe-haven" target="_blank">surged to a record $1,943/oz</a> and <a href="https://seekingalpha.com/news/3595002-back-from-vacation-bitcoin-pushes-through-10k-ether-through-300" target="_blank">bitcoin jumped above $10,000</a> for the first time since June as central banks keep the printers running.</li> <li data-xf-list-type="ul">On the other hand, the U.S. Dollar Index broke through support at 94.65 on Friday, and has extended losses today by falling 0.4% to 94.03. See <a href="https://seekingalpha.com/news/3595051-u-s-china-capital-war-hit-dollar-dalio" target="_blank">U.S.-China 'capital war' would hit dollar - Dalio</a></li> <li data-xf-list-type="ul">On the coronavirus front, reported cases and fatalities fell in many states hit hard by COVID-19, including Florida, Arizona, California, Texas and New York.</li> </ul></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3397761, member: 7248"] [ATTACH=full]169436[/ATTACH] [SIZE=6][B]Stocks advance as gold hits record high, dollar falters[/B][/SIZE] Jul. 27, 2020 4:26 AM ETBy: Yoel Minkoff, SA News Editor[URL='https://seekingalpha.com/news/3595056#comments']20 Comments[/URL] [LIST] [*]Equities are on the rise alongside safe-haven assets ahead of a busy week for earnings, as well as a Fed meeting that will yield clues on what comes next for monetary policy. [*]S&P 500 futures climbed 0.5%overnight after Republicans [URL='https://seekingalpha.com/news/3595000-coronavirus-aid-package-coming-1200-checks-in-august']finalized a bill for about $1T[/URL] in coronavirus relief funds, while administration officials once again [URL='https://www.wsj.com/articles/trump-advisers-still-touting-v-shaped-economic-recovery-11595778992']touted[/URL] a 'V-shaped' economic recovery. [*]Meanwhile, gold [URL='https://seekingalpha.com/news/3595042-gold-hits-record-investors-opt-for-safe-haven']surged to a record $1,943/oz[/URL] and [URL='https://seekingalpha.com/news/3595002-back-from-vacation-bitcoin-pushes-through-10k-ether-through-300']bitcoin jumped above $10,000[/URL] for the first time since June as central banks keep the printers running. [*]On the other hand, the U.S. Dollar Index broke through support at 94.65 on Friday, and has extended losses today by falling 0.4% to 94.03. See [URL='https://seekingalpha.com/news/3595051-u-s-china-capital-war-hit-dollar-dalio']U.S.-China 'capital war' would hit dollar - Dalio[/URL] [*]On the coronavirus front, reported cases and fatalities fell in many states hit hard by COVID-19, including Florida, Arizona, California, Texas and New York. [/LIST] [/QUOTE]
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