Finance Gold rockets toward $2,000 as Fed stimulus sinks dollar July 28, 2020July 28, 20201 min read admin The prospect of endless stimulus allowed Asian shares to shake off coronavirus concerns and Sino-U.S. tensions to make early gains. Nations around the globe are announcing new travel curbs amid a fresh wave of the coronavirus, a setback to hopes for a “V” shaped economic recovery. Yet investors are taking comfort from the prospect of yet more fiscal spending and endless cheap liquidity, with Fed Chair Jerome Powell expected to sound reassuringly accommodative after a policy meeting on Wednesday.
