The Trump administration will seek an additional $250 billion to support small businesses hurt by the widespread economic shutdown and slowdown. Will the government and the Fed save the U.S. economy? What would be the consequences for the gold market?
U.S. Epidemiological Update
As of April 7, more than 360,000 people were confirmed to be infected by the coronavirus in the U.S., and more than 10,000 out of them died because of the COVID-19, as the chart below shows. Actually, the U.S. is entering the worst period of the epidemic, as hospitals are struggling to maintain and expand capacity to care for infected patients.
As a result, the U.S. still follows an exponential growth of COVID-19 cases, doubling in less than three days. Indeed, as the chart bellows shows, the epidemiological curve is very steep, steeper than in Italy or Spain. Partially, it results from the late reaction, especially in some states. The decentralized responses to the pandemic, combined with the travels…