Investors were eyeing talks between U.S. House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin to reach a deal on the long-awaited COVID-19 relief bill. "If there's a deal, chances are stimulus will reignite the idea that inflation will move towards the Federal Reserve's target," which along with the interest rate suppression policy by the Fed are a very good catalyst for gold, said Bart Melek, head of commodity strategies at TD Securities.https://www.reuters.com/article/idUSL4N2GS31Q
October 01, 2020