Gold Headlines

Fed's Mester says economic recovery is split into 'tale of two cities'

Chinese Communist party asserts greater control over private enterprise (FT)

Asian markets hunker down ahead of U.S. presidential debate

The Man Who Didn’t Want to Be a Trump Fed Governor

Gold rises, erasing losses as dollar retreats from highs

https://www.reuters.com/article/global-precious/precious-gold-rises-erasing-losses-as-dollar-retreats-from-highs-idUSL4N2GP360

Hedge Funds Running Biggest Dollar Short Since 2017 Risk Squeeze

The new gold rush: western investors offset soft eastern demand (FT)

https://www.ft.com/content/8a53dbaf-8210-4c60-8753-e3018fa1b1e1 The pandemic has convinced investors that gold belongs in their portfolios as a hedge against frothy equity markets, rock bottom interest rates and a fall in economic output. Some large investors want gold as protection against possible deflation caused by an economic slowdown or a converse rise in inflation

Wall Street jumps, financials take the lead

Gold prices rise, find footing as dollar weakens

https://www.marketwatch.com/story/gold-prices-rise-find-footing-as-dollar-weakens-11601297661 Gold futures on Friday were trading modestly higher as weakness in the dollar, helped to fuel some modest buying in bullion despite a rally in stocks that would otherwise suggest waning appetite for assets perceived as havens.

Central Bank Largesse Dims Effectiveness of Usual Market Hedges