Gold hurtled to record peaks before the sheer scale of its gains drew a burst of profit taking, which in turn helped the dollar from two-year lows and curbed early equity gains
FILE PHOTO: A pedestrian with a mask walks past of the New York Stock Exchange in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson/File Photo
But the proposal sparked immediate opposition from both Democrats, who called it too limited compared with their $3 trillion proposal that passed the House of Representatives in May, and some Republicans who called it too expensive. Some 30 million Americans are out of work and states are tightening lockdown restrictions again, a trend that has also dragged on the U.S. dollar.
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