May 3rd Market Report
Gold Is Up, Unemployment Is Down
Gold rose to $1,796.10 by 9 a.m. EDT on Monday. The dollar weakened slightly over the weekend, as did Treasury yields. Bitcoin saw a little improvement.
According to Intel’s CEO, the global computer chip shortage could take a few years to rectify. The deficiency could detrimentally affect the automotive industry until a solution is found.
Analysts project that United States unemployment rates could drop to around 5% by Q4 2021. Projections show that Q4 2022 could bring numbers even lower, to around 4%.
OneGold CEO Ken Lewis visited Real Vision Finance last week. Lewis discussed how OneGold offers customers the advantages of holding physical precious metals and the conveniences of digital investing simultaneously. Listen in for more information.