"In our view, no matter who wins the US election, the US dollar is going down," he said. "Whatever anyone else does in terms of QE, the Federal Reserve is going to match it."
Read this in the AFR, when the USD weakens or dollar strength index falls then Gold goes upwards.....
This third wave of infections is bigger than the first two and US is heading towards winter which you would be expect the virus to intensify.
No doubt when the dust settles that the US fed will implement monetary policy and presumably Democrats fiscal spending....both should be good for gold.
Wait till the election dust settles...to see who is president and also which political party controls the upper and lower houses in the United States.
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