this is a good point and why I pointed out commodity prices, September being bearish, and upcoming US election in my earlier post.
Your right to be keeping an eye on the broader market. I think that there is alot depending on whether the Fed decide to print money and cut rates, and it is hard to imagine them not doing this. I am of the opinion that there may be some retracement here and there, but gold will find new support around 2000 USD and just push higher, at least in the near term. I think that with a weak dollar, uncertainty around fiscal policy and upcoming elections upward pressure on gold prices, but also volatility, so looking at it from day to day is going to drive you crazy, but over time, I wouldn't be surprised to see gold price continuing.
https://www.marketwatch.com/story/gold-prices-rise-find-footing-as-dollar-weakens-11601297661
https://www.*****.com/news/2020-09-28/Stocks-gold-price-bounce-back-buy-or-sell-now-Gary-Wagner-answers.html
in the latter article, Wagner makes a good point about gold prices touching the 100 day moving average, and this signalling it as 'oversold' so many people may 'buy the dip' especially if they are of the sentiment that gold is still rallying. Plenty to think about, and thanks for your post @deedee33, as it is very important for us to discuss gold, as it is an important factor for this stock. It might even be worthy of its own forum thread!
IMO DYOR.
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