Oct 2, 2020
1 min read

The Price of Gold ~ October 2020

Gold has seen its biggest loss since March sitting at $1,880USD mark. We mostly attribute this to the economic outlook for growth in the U.S and we've recognised this through the supported U.S dollar as well. Don't panic! We see, with the looming U.S. election along with the U.S democrats announcing the $2.4T stimulus package proposed, which could be accepted as early as next week. The gold market will be strongly supported in the short term.

Disclaimer: the information presented here is valid as of the publishing date and may be subject to change.

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