October 22, 2018 -- Gold and silver prices moved modestly higher last week. It was not a bad performance given that stock prices recovered a bit from the prior week’s losses and the dollar finished higher in FX markets.

Volatility remains in the equity markets and that is driving some interest in metals. Last week’s trading did little to inspire confidence that the worst selling is behind us.

The upcoming midterm elections will command much of investors’ attention in the two weeks just ahead. Forecasters predict Democrats will take control of the House, but not the Senate.

However, polling has proved to be anything but reliable in recent years.

Economic data due this week includes the monthly report on New Home Sales, Durable Goods Orders and GDP. It may take some pretty big surprises in the numbers for them to register given the political noise.



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