Gold Soars To Record Highs, Stocks Erase Gains After Pelosi Warns ‘No Deal This Week’

Gold Soars To Record Highs, Stocks Erase Gains After Pelosi Warns ‘No Deal This Week’

Tyler Durden

Tue, 08/04/2020 – 12:17

While The Dow is holding gains thanks to the insane dominance of AAPL; Nasdaq, Russell 2000, and the S&P are all tumbling into the red on the day after House Speaker Nancy Pelosi said she “doesn’t think there will be a deal this week.”

Treasury yields are tumbling to fresh record closing lows…

And Gold is soaring to new record highs…

…as Spot gold tops $2,000 for the first time…

What does gold see coming? A Democrat-driven $3 trillion stimulus that breaks the world’s confidence in any fiscal restrainst behind the world’s reserve currency?

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Author: Tyler Durden


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