Gold Headlines

Please note: COT Gold & Silver Reports Will Be Issued Monday, Nov. 16

Due to the Veteran's Day Holiday, COT Reports are delayed until Monday, November 16.

Gold jumps 1% on mounting pandemic, vaccine worries

(Reuters) - Gold gained as much as 1.1% on Friday as rising global coronavirus infections re-ignited concerns about the economic toll from the pandemic, while scepticism over the reach of a potential COVID-19 vaccine further boosted the safe-haven metal.

Lagarde Says Her ‘Hunch’ Is That ECB Will Adopt Digital Currency

Russia seeks to allow $167.6 Billion National Wealth Fund to invest in Precious Metals

Finance Minister Anton Siluanov has previously said he favoured this plan, saying last year that he saw gold as more sustainable in the long-term than financial market assets. https://www.reuters.com/article/idUSL8N2HZ41I  

NY Fed's Williams: U.S. economy still in 'deep hole' and rising infections pose risk

Asia Gold-Festive rush lights up Indian market again

* Indian market flips to premium * China’s discounts fall further https://www.reuters.com/article/idUSL4N2HZ2KL

Gold buoyed by virus woes, but heads for worst week since September

(Reuters) - Gold prices held firm in a narrow range on Friday, supported by fears over the economic fallout from mounting COVID-19 cases, but the metal headed for its worst weekly loss since September as hopes for a vaccine boosted risk assets earlier this week.

Biden signals Wall Street crackdown with transition picks

Stress in China’s Credit Market Spills Over to Financial Stocks

Gold Trims Weekly Decline as Rising Virus Cases, Vaccine Weighed (Bloomberg)

Gold rose, paring a weekly drop, as investors weighed a resurgence of cases in the U.S. and major European economies and the prospects for coronavirus vaccines. New York Mayor Bill de Blasio said the city was ready for the possibility of closing its schools again, while California passed 1 million infections. In Europe, France and the U.K. reported the most infections yet, and Portugal extended restrictions. Even with the prospect of a Covid-19 vaccine, three of the world…