Stocks initially rallied after Powell said, “I think it’s unlikely that the next policy rate move will be a hike. I’d say it’s unlikely ... The Euro Stoxx 50 is closed today for the May Day holiday.
Gold prices jumped more than $20 an ounce in after-hours trading Wednesday afternoon when Fed Chair Powell said it’s “unlikely” the next move by the Fed will be a rate hike. Gains in precious metals ...