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© Reuters.
Investing.com – The Federal Reserve chief said the US central bank will support a number of market stimulus programs after the coronavirus strikes last spring, and the Fed’s decisions to support nearly 2000 businesses billion dollars, to support businesses, cities and states.
In testimony given by Jerome Powell to the U.S. Congress today, Powell said the Fed’s unprecedented measures are supporting the stability of global financial markets and helping to redistribute lending activity.
US Treasury Secretary Stephen Mnuchin said on November 19 that he would not extend the lending programs that have supported the markets.
It rose on the news, to climb above $ 1,800 an ounce.
And as we mentioned in yesterday’s article, incentives are the key word in pricing
Futures are up more than 300 points today, after falling.
The United States retreated on continued monetary stimulus, which weakened the dollar.
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