Currencies
This means, the rupee has lost about 2.4 per cent against the dollar in 2020.Today, the Indian currency has opened at 73.09. The rupee (INR) opened with a gap-up on Thursday at 73.15 versus preceding close of 73.30 against the dollar (USD).
Metals
Even the Wall Street-centric financial media had to stand up and take note Gold prices lost momentum in the fall as rising equity markets stunted safe-haven buying. Silver embarked on an epic rally that took prices all the way up near the $30 level in early August. Silver got historically oversold versus gold in March at the height of the COVID panic. Do other people still remember the gold shower curtains and sports seats guaranteed to Jack Welch who retired as CEO of GE in 2001?
Turning to silver, the market experienced an even wilder ride than gold in 2020. The gold to silver ratio spiked to an historical extreme of 130:1. At that time silver prices plunged briefly below $12 an ounce. In late July, gold ascended to new all-time highs in nominal terms. Gold ends 2020 at $1,900 per ounce.
Turning to silver, the market experienced an even wilder ride than gold in 2020. The gold to silver ratio spiked to an historical extreme of 130:1. At that time silver prices plunged briefly below $12 an ounce. In late July, gold ascended to new all-time highs in nominal terms. Gold ends 2020 at $1,900 per ounce.
United States
The S&P 500 climbed 16.3% to end the year at a record, while the Nasdaq Composite gained 44%, its best year since 2009. The rally has been fueled by the big growth stocks like (NASDAQ: TSLA), (NASDAQ: ZM), and other big-name companies that have dominated the headlines this year. Amid all the suffering and turmoil, Wall Street celebrated new record highs in stocks.
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