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Bullion News Review: Mar 2 – Mar 8

Gold Just Closed At A Seven year High in USD 

“Spot gold just closed at a 7 year high as the Dow plunges over 1,000 and gold surges another $30.” 

As coronavirus spreads and impacts markets and the economic outlook, there is increased worry that the US, the world’s largest economy, is on the cusp of a coronavirus break out.

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China Car Sales Crash 80%  And A US Dollar Warning

Coronavirus keeps consumers at home, causing car sales to drop a record 80% in the already slowing economy: 

Stephanie Pomboy also shares a warning about the US dollar: 

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Global Markets Panic In Response to Fed’s Emergency Rate Cut 

“A surprise, mid-morning “emergency” half point cut is not enough for the President who stated : U.S. “should have the lowest rate.” Know what the “lowest rate” is?” It”s negative. If you haven’t figured out why you need some gold by now, then…good luck to you.” 

-Fred Hickey

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KJC Team

The Blog Team at KJC Coins Australia strives to bring you the latest happenings in the bullion market, new releases in numismatic and bullion products and in depth tips & tricks of the trade in a creative & easily digestible way. Keep up to date with us - we're only just getting started!

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