A number of factors could push gold above $1,250 an ounce, including a weaker U.S. dollar and a more dovish stance from the Federal Reserve, said Martin Murenbeeld, president of Murenbeeld & Co. “The dollar [could roll] over, which I think is the end game of the Trump program, [so] that can happen. The Fed can suddenly pause. Let’s say that I’m wrong on the equity markets. Let’s say that we’re actually looking at the beginnings of a slippery slope into a recession, so then the Fed pauses, maybe it even cuts. I think that’s reaching a bit, but the Fed could pause for a minute, that would change the dynamics of the gold market,” Murenbeeld told Kitco News on the sidelines of the Mines & Money conference in Toronto. Murenbeeld noted that the Trump tariffs have had an “ironic” effect of actually strengthening the dollar.
This Week’s Gold Drop And Stock Market Seasonality – Mike Swanson (11/25/2020)
Gold Prices And SPDR Gold Trust ETF (NYSEARCA: GLD) Are Trading Right On Long-Term Support – Tim Bellamy (11/24/2020)
Gold’s Momentous Rally From 2000 Compared To SPY & QQQ – Part II – Chris Vermeulen (11/17/2020)
Gold’s Momentous Rally From 2000 Compared To SPY & QQQ – Part I – Chris Vermeulen (11/16/2020)