To be fair, precious metals haven’t cratered as badly as stocks have. But this is hardly an example of the "massive" safe-haven demand for bullion.
Another package is coming. The Treasury Department unveiled to lawmakers a plan for $250 billion in direct payments to Americans starting April 6.
The volume of Google searches for “unemployment benefits” has surged and is consistent with weekly claims topping 800,000 . . . quadruple the trend.
US chief economist Michael Feroli also forecast unemployment to rise to 6.25% by the middle of the year before easing to about 5.25% by year end.