Precious Metals in Holding Pattern Despite Uptick in Bond Rates


All asset classes are reflecting uncertainty ahead of the election. Investors seem to be as undecided as voters in the swing states.  Perhaps the next major moves in metals and stocks – up or down – will have to wait until after November 3rd to be determined. 

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Trump Now Wants More than $1.8 Trillion in Stimulus, Direct Payments

First published by Money Metals here: https://www.moneymetals.com/podcasts/2020/10/16/goldman-sachs-silver-002145

Gold and silver markets slumped this week as stimulus talks faltered again in Washington. Even though the White House upped its offer to $1.8 trillion, House Speaker Nancy Pelosi refused it – not wanting to give President Trump any kind of political victory ahead of the election.