Gold’s standing as a safe-haven became more questionable on Friday as its prices dipped despite President Donald Trump testing positive for the coronavirus. The dollar, the yellow metal’s nemesis, gained instead, once again highlighting the bizarre relationship between the two in recent months.
The pound swung between gains and losses against the dollar Thursday as traders mulled differing headlines that suggest little progress on the U.K. and EU breaking the deadlock in Brexit talks.
The dollar pushed higher in early European trade Friday, along with the Japanese yen, as U.S. President Donald Trump testing positive for the Covid-19 virus hit risk sentiment, resulted in demand for safe haven currencies.
Stocks on Wall Street ended lower in another volatile session on Friday, after U.S. President Donald Trump's positive test for COVID-19 spooked investors and added to mounting uncertainties surrounding the looming election.
Investors are betting big on Plug Power (NASDAQ:PLUG) as they hunt for the next Tesla (NASDAQ:TSLA). And maybe it's finally the right time for the hydrogen fuel cell maker.