How high can the price of gold go to the purses but will is being sold for a record 2000. 00 an ounce whats driving the gold rush and could it affect the chances of economic recovery from the coronavirus and that this is a story. Hello welcome to the program on iran the coronavirus pandemic means we are facing our worst ever recession shutdowns to control the spread of the virus have forced many businesses to close millions of jobless and when times are tough investors tend to put their money into socalled safe haven assets such as gold. Precious metal hit a record high of 2060. 00 announced a couple of weeks ago thats a 30 percent rise this year now some analysts are predicting prices to soar to 3000. 00 an ounce by next year the price rise is particularly being felt by indians theyre the 2nd largest buyers of gold in the world for weddings and special occasions because theres already be a bet not literally every business. Plan of everything is done. Really with absolutely. 90 percent
Declining onto an empire forges its alliance with germany and the central powers as the war gives birth to 3 nationalist movements the road to time and the future world war one through the eyes own knowledge is iraq. How high can the price of gold go the precious metal is being sold for a record 2000. 00 an ounce whats driving the gold rush and could it affect the chances of economic recovery from the coronavirus and that this is a story. Alone welcome to the program. The coronavirus pandemic means we are facing our worst ever recession shutdowns to control the spread of the virus have forced many businesses to close millions of jobless and when times are tough investors tend to put their money into socalled safe haven assets such as gold. Precious metal hit a record high of 2060. 00 announced a couple of weeks ago thats a 30 percent rise this year now some analysts are predicting prices to soar to 3000. 00 an ounce by next year the price rise is particularly being felt by indians they
I think they injected some 14 billion of over the last 24 hours. Don of tom china without question are acting. I agree with you, oil is critical. Really pricing. I took saudi light in the now,nal price we are at 19. 79 1979 is are you go back to to get under 20 a barrel. I have said this last four or five days. The decline in the last in the u. S. To year yield screams lower for longer. Francine we will have a look at that, quite extensively. We will also talk about emerging markets. Lets get to first word news in new york city with viviana hurtado. Viviana we begin with a report on the impact of the coronavirus on the oil market. Global demand for oil will plunge this year by a record 9 , according to the International Energy agency. The slump will thwart efforts by the opecplus coalition to contain the glut of crude. April will be the hardest hit month. Fuel use will shrink by almost a third. Now to president donald trump. He is temporarily halting payments to the World Health Organi
Sharp selloff by friday. Look at the week that was with dow industrials down 4,000 points on the session. Thats 17 on the week. The nasdaq was down 995 points, 12 and a half percent lower and s p down 406 points, 15 lower on the week. President trump deploying the National Guard to new york, california and Washington State to fight what he calls the invisible enemy as more people are told they must stay home in the heavilyhit states. More companies stepping in the fight the war against coronavirus, meanwhile, they are working with the white house to manufacture mustneeded supplies and medical equipment. Plus more businesses forced to shut down as tighter rules go into place. St. Louis Federal Reserve president warning that Unemployment Rate could soar to 30 . Mornings with maria is live right now. Maria lets check Global Markets with ftse 100 in london 236 points, european indices red across the board. Cac quarante down 150 points and dax index down 243 down. In germany Angela Merkel i
The economy in the next 3, 6, 18 months. Tom it has been an extraordinary recharging of global recession. Germany looking at recession calls back to 2009, really no surprise there. But it has been the additive facts that we have seen over the weekend measuring global slowdown. There is no place you see it more than thiss morning, not only in the price decline of oil, but specifically brent has had worldwide crude has an extremely difficult six hours. Francine yeah, we also have to look at currencies, dollar had quite a move, and dollar of course is now benefiting, or at least moving on the back of the Credit Rating downgrade from other countries. We look at pound, a lot a lot of volatility there. Thats get to first word news in new york city with viviana hurtado. Viviana President Donald Trump wants the public to continue practicing social distancing until at least the end of april and not by easter come as he previously suggested. Dr. Anthony fauci telling cnn if efforts to mitigate t