With fresh hope for a U.S. stimulus, positive vaccine news from the UK and noted weakness in the dollar, the “path of least resistance in the gold and silver markets is pointing upward,” said analysts at Zaner Metals in a Monday note.
“Furthermore, gold and silver should draft support from favorable Chinese economic news which showed better-than-expected retail sales and an overall growth level commensurate with pre-Covid-19 levels,” they said.
October 19, 2020