Gold's Powerful Rally Brings $1,800 Into View Gold last traded at $1,744 an ounce. Silver at $15.61 an ounce.

Gold's Powerful Rally Brings $1,800 Into View

Gold last traded at $1,744 an ounce. Silver at $15.61 an ounce.

NEWS SUMMARY: Precious metal prices consolidated recent gains Wednesday on mild profit-taking and a firmer dollar. U.S. stock resume their decline as dismal economic data and weak bank earnings fueled concerns over the coronavirus' impact on the U.S. economy.

Coronavirus Economic Reopening Will Be Fragile, Partial and Slow -Wall Street Journal
"Executives around the world who rapidly overhauled operations when the coronavirus struck, and the politicians who made them do it, are now focused on restarting the economy and their own businesses. That restart, according to interviews with leaders across a range of industries, suggests that back to normal will be anything but. The re-emergence over the coming weeks and months will be fitful, fragile and partial - and a bit dystopian, with frequent temperature checks, increased monitoring of employees and customers, and, potentially, blood tests to determine whether workers have likely immunity to the virus. Officials and business leaders predict that operations won't fully return to normal until an effective vaccine hits the market, estimated at least a year away....In many ways, companies are at the mercy of local and national governments to ensure that the reopening doesn't reinvigorate the virus, which has so far infected nearly 1.8 million people world-wide and caused at least 110,000 deaths. Large-scale testing and tracing programs will become the norm, placing the average person under much greater scrutiny by the state....'Testing capacity, which we still have to develop, that is going to be the bridge from where we are today to the new economy in my opinion,' New York Gov. Andrew Cuomo said Wednesday. 'It's going to be a testing-informed transition to the new economy.'....School systems and colleges are planning scenarios for a hoped-for return to campus in the fall, if not earlier. 'Do we thin the number of people on campus? Does it mean more online instruction? We're planning for any and all of those, including a very different type of year next year,' said David Greene, president of Colby College a private liberal-arts college in Waterville, Maine."