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IPFS News Link • Gold and Silver

Gold Catapulted On Dollar Meltdown, Futures Rise With Focus On Fed

• Zero Hedge - Tyler Durden

S&P futures rebounded from last week's dump on Monday, ending a two-day slide on Wall Street, as expectations for a more dovish outlook from the U.S. Federal Reserve - due to deteriorating economic conditions - brightened the market mood ahead of the busiest week for quarterly earnings reports which sees updates from companies including Apple, Amazon and Boeing.

Nasdaq 100 futures rose more than 1% as tech companies climbed in pre-market trading along with gold miners. The Stoxx Europe 600 Index struggled for traction as airlines were clobbered after the U.K. ordered quarantines for passengers returning from Spain.

The S&P 500 logged its first weekly decline in four on Friday, following concerns over escalating coronavirus cases in southern and western U.S. states, rising tensions between the U.S. and China, and data that showed a recovery in the U.S. job market unexpectedly stalled. Earnings reports will also be a major focus this week with more than a third, or 189 companies from the S&P 500, expected to report results, including Boeing, Pfizer, Facebook, Apple, Amazon.com and Alphabet.


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