(Bloomberg) — Gold rose to the highest in more than seven years after the Federal Reserve said stocks and asset prices could suffer a significant hit from coronavirus, and warned the process of economic recovery may stretch through until the end of next year. Palladium surged more than $100 in 20 minutes.Commercial real estate could be among the hardest-hit industries should the health crisis deepen, the U.S. central bank said in its twice-yearly financial stability report Friday. Separately, Chairman Jerome Powell said in an interview with CBS that a full recovery of the U.S. economy could drag through 2021 and …read more
Source:: Yahoo Finance
