MARKET NUGGETS
Volatile gold moves expected into the election but major selloffs below $1,840 are unlikely: MKS PAMP Group
Oct 28, 2020 10:32AM(Kitco News) - Volatility will remain high as the U.S. election approaches, but major selloffs are unlikely with strong support sitting at around $1,850-$1,840 an ounce, according to MKS PAMP Group.
Contested election is a 'primary risk for gold bugs': TD Securities
Oct 28, 2020 10:16AM(Kitco News) - U.S. dollar remains the main driver for gold this week as markets are cautious ahead of the U.S. election on Tuesday, according to TD Securities.
Chinese gold demand rebounds in Q3
Oct 27, 2020 12:29PM(Kitco News) - Gold demand in China sees a recovery in Q3, surging 29% in comparison to Q2 data, according to the China Gold Association.
Gold options expiration 'could be very volatile': RBC Wealth Management
Oct 27, 2020 12:19PM(Kitco News) - Comex options expiration "could be very volatile as options keep adding to their open interest even after large selling of equity and commodities yesterday," according to RBC Wealth Management.
Wait-and-see mode sets in on the gold market: TD Securities
Oct 27, 2020 12:09PM(Kitco News) - With the U.S. election seven days away, gold traders are now in the wait-and-see mode, says TD Securities.
On the radar this week: U.S. political drama, rising COVID-19 cases - FXTM
Oct 26, 2020 10:58AM(Kitco News) - With just eight days remaining until the U.S. election, markets are carefully watching the political headlines and rising coronavirus cases, writes FXTM chief market strategist Hussein Sayed.
No major gold price move expected until U.S. election or stimulus agreement: MKS PAMP Group
Oct 26, 2020 10:56AM(Kitco News) - Gold is likely to trade around the $1,900 level until the U.S. election or a stimulus agreement, according to MKS PAMP Group.
Lack of physical gold demand in Asia is weighing on the metal: Commerzbank
Oct 26, 2020 10:34AM(Kitco News) - Investor demand is keeping gold from sliding below $1,900 an ounce, but weak physical demand out of Asia is keeping a lid on the precious metal's gains, according to Commerzbank.
Lower chance of stimulus before the election weigh on gold price: Commerzbank
Oct 22, 2020 12:28PM(Kitco News) - The U.S. dollar is seeing some strength as markets are pricing in a lesser chance for additional fiscal stimulus to be passed before the election, which is weighing on gold, according to Commerzbank.
Gold could see support as focus shifts to U.S. presidential debate, Brexit headlines: MKS PAMP Group
Oct 22, 2020 12:26PM(Kitco News) - While stimulus news continue to drive gold prices in the short-term, attention is shifting towards a presidential debate and Brexit headlines, which could be supportive for the precious metal, according to MKS PAMP Group.
'Gold traders would benefit from looking past the noise' - TD Securities
Oct 21, 2020 09:54AM(Kitco News) - Gold traders are advised to look past the noise, says TD Securities, which sees the stimulus package being passed in the not-too-distant future.
Stimulus deal to see resumption of the gold bull trend: MKS PAMP Group
Oct 20, 2020 10:33AM(Kitco News) - As gold continues to hold the $1,900 an ounce level, markets are watching the last-ditch effort by the U.S. government to pass the stimulus package before the election.
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