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Election countdown –  Sell U.S. dollar, buy silver, and other advice from analysts Gold prices have been stuck around the $1,900 an ounce for most of October due to the strength in the U.S. dollar, but analysts expect the gold price action to pick up in the next few weeks, producing a "lasting price upswing." dman Sachs also said this week that it doesn't expect the U.S. dollar strength to last as it advised its clients to sell the U.S. dollar…

Markets addicted to stimulus' as anxiety builds – What to expect from gold price with election two weeks away Gold's stable position at the $1,900 an ounce level could be the calm before the storm as the U.S. presidential election is just two weeks away, and a lot of investors are choosing to stay on the sidelines amid high levels of anxiety in the marketplace. "Uncertainty remains the watchword in the markets," said StoneX head of market analysis for EMEA…

Fed insider on Jerome Powell’s next moves, gold price expectations – Danielle DiMartino Booth With the Federal Reserve having expended almost all monetary tools now, the only major course of action left, short of directly buying ETFs, is more quantitative easing, said Danielle DiMartino Booth, CEO of Quill Intelligence. “If you’re at the zero bound, and the Fed has been at the zero bound for much of the last decade, if you’re at the zero bound, the only discussion you’re…

Expect ‘seismic change’ and major markets sell-off after election – Mark Skousen Former Vice-President Joe Biden is currently leading in the polls, two weeks before the election, and should the Democrats win, major changes will happen to legislation that could seriously hurt investors, according to Mark Skousen, editor in chief of Forecasts & Strategies. “I think you could have a seismic change on November 3rd that will cause investors to sell their stocks dramatically because if you’re going to raise…

Dollar off 3-week low, yuan eases after PBOC move TOKYO, Oct 12 (Reuters) – The dollar inched up in early Monday trade as riskier currencies slipped after negotiation on a U.S. stimulus package ran into resistance and as the yuan dropped after China's central bank took a measure seen as aimed at curbing its strength. The euro slipped 0.1% to $1.1817 while the Australian dollar shed 0.3% to $0.7222 . The yen was little changed at 105.52 to the dollar…

This driver could 'propel' gold price back to its new all-time highs – Bloomberg Intelligence There is one driver that could really re-ignite the gold price rally during this turbulent fourth quarter, according to Bloomberg Intelligence (BI). All macro and political risks aside, a peak in the dollar is the one factor that can push gold significantly higher, BI senior commodity strategist Mike McGlone said in his Q4 update. "Gold is likely to remain atop our macro-performance scoreboard in 4Q,"…

Gold price has bottomed, $4k target for either Trump or Biden victory – Frank Holmes Gold has traded sideways for the last few weeks, but the price action is forming a bottom, said Frank Holmes, CEO of U.S. Global Investors. Despite market volatility ahead of the November presidential election, Holmes maintains his $4,000 price target. “The bottom that you’re seeing in gold is like a perfect Miami beach bottom. Gold will go up and it will go down, the DNA…