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Gold holds steady as virus wave offsets vaccine hopes Nov 13 (Reuters) – Gold prices were little changed on Friday, as fears of an economic impact due to a surge in global cases of COVID-19 countered optimism from the developments in a potential vaccine. FUNDAMENTALS * Spot gold was steady at $1,876.92 per ounce by […]
Gold continues to drift lower, as traders favor risk-on assets and dollar strength Gold futures continued to drift lower, continuing the sharp decline that traders witnessed on Monday of this week. Although yesterday gold was able to recover slightly gaining $18 off of Monday sharp selloff, today traders took gold pricing back to erase those […]
Economy to shut down again this winter, says Lobo Tiggre, investor who called gold price drop "If Biden is sworn in, he'll shut the economy down this winter more than Trump would have. USD goes under the bus, stagflation is likely. They'll blame COVID-19, but for once, socialism might also get some of the blame […]
"I would be surprised if we don’t sell off" – Gareth Soloway shorts stock market Nothing has fundamentally changed in the economy to warrant a sustained rally in the stock markets, said Gareth Soloway, chief market strategist at InTheMoneyStocks.com, speaking with Kitco News at 3:45 pm EST on Monday. “I don’t believe anything major has […]
Gold price holding gains after last week’s breakout he gold market is starting the week on solid footing with modest gains following last week's nearly 4% rally. December gold futures last traded at $1,955.40 an ounce, up 0.19% on the day. Gold's humble gains after the market's Sunday evening open comes as Democratic nominee Joe […]
'A democracy cannot exist as a permanent form of government', so what's next? world has given way to the rise of populism, mirroring what happened in the 1930s, when after the Great Depression, populist leaders took power and World War 2 followed, said Bob Thompson, portfolio manager of Raymond James. "Sometimes the currency wars, competitive […]
Post-Trump era? Gold price to see $2,000 next week as attention shifts to coronavirus – analysts The gold market is reaping the benefits of a lower U.S. dollar in an uncertain environment, where markets are betting on a Biden win. The precious metal began its rally Thursday with prices rising more than $50 amid uncertainty […]
E.B. Tucker lays out investment 'war' plan as Biden edges closer to White House With Odds now stacked in Joe Biden's favor, it's now looking more likely that the next four years will see a Democratic president in the White House. E.B. Tucker, director of Metalla Royalty and "Why Gold? Why Now? The War Against […]
Déjà Vu – it's happening again Okay, so it is not déjà vu. In fact, it’s only slightly reminiscent of the last presidential election held in 2016 in terms of how gold prices changed immediately following the release of the election results. In both cases the immediate reaction and move in gold was the polar […]
Markets react – what gold, stock prices say about election outcome As of 11:00 pm EST, the precious metals and equities futures markets are favoring a Trump re-election, this according to Peter Hug, global trading director of Kitco Metals. Gold fell 1.19% as of 9:30 pm EST, but rebounded when President Trump narrowed the lead […]
