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Concerns over a recession in the USA combined with renewed tensions in the Middle East have resulted in Gold rising above $3000, setting a new historical high.
On Tuesday in the Asian market, spot Gold climbed above 3000 dollars per ounce, reporting at 3007.06 dollars per ounce at the time of writing. The USA retail sales fell short of expectations, casting a shadow over the economic outlook, coupled with renewed conflict in the Middle East, boosting demand for safe-haven Gold. So far this year, Gold prices have risen by more than 14%.
Trump nominated Federal Reserve Governor Bowman as Vice Chair of Supervision.
On Monday, President Trump of the USA announced the nomination of Federal Reserve Governor Michelle Bowman as Vice Chair for Supervision at the Federal Reserve.
US Equities Markets End Higher Monday as Traders Evaluate Macro Data
Treasury Yields Mixed as U.S. Data Offers Relief -- Market Talk
Daily Roundup of Key US Economic Data for March 17
Looming Fed Rate Decision Eyed as US Equity Futures Slip Pre-Bell
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Moomoo Buddy : Dear valued customer, as advise by custodian that the 1042-S Income Code listed on DTC for SCHO (808524862) is 06 (Dividends paid by US corporations - general). This indicates that the allocation is subject to withholding. Have a nice day!