Well, its the US stimulus package that interest the markets, gold included, and now the Dems just unveiled a lower $2.4T stimulus package compromise, putting the ball into the Rep courts as a gesture to disprove that they were committed to delay the passing of the stimulus package to put pain on the Trump administration, but this is still way off the $1.3T the Reps were seeking to pass.
Will Trump capitulate, the markets need it, Mnuchin is probably keen to reach something . Ultimately the President will decide. He badly needs it to stabilise the markets and the market is all he has. If he doesn't, he would allow Biden to say something that the Dems were willing to negotiate but were turned away in the forthcoming Sep 30 debate.
The short term setback in equities and the gold trade is largely due to this stalemate , but this is temporary and therefore the elixir the market needs would be back, stronger than ever.
