Gold Headlines

Japan LDP's Kishida says can show strength in areas of economy, foreign policy

28-month high: Euro aims for $1.20 as dollar selloff gathers pace

The euro homed in on the $1.20 mark on Monday as it scaled another 28-month high while the dollar weakened to a new multi-year low as investors bet the Federal Reserve’s new policy framework meant U.S. rates would stay low for longer. https://www.reuters.com/article/us-global-forex/dollar-dumped-on-rate-outlook-aussie-looks-to-rba-idUSKBN25S371

U.S. dollar's woes are only beginning, some bears say

Gold rises but set for first monthly decline in five

Silver heads for fifth straight monthly gain "There is a significant concern that the (equities) market might have gotten extended and there might be some profit taking coming, which may lead to a rotation back to gold," Sica said. Gold has gained about 29% this year, supported by economic uncertainty stemming from the pandemic as well as the upcoming U.S. elections. https://in.investing.com/news/preciousgold-inches-up-but-set-for-first-monthly-decline-in-five-2403460

Venezuela Fuels Amazon Gold Rush With Petrodollars Drying Up

Mining area has more than tripled since March 2019, NGO says Officials redouble work on mining camps as oil output plummets U.S. sanctions and a collapsing oil industry are prompting Venezuela to step up its push into gold mining, including in protected areas of the Amazon https://www.bloomberg.com/news/articles/2020-08-31/venezuela-fuels-amazonian-gold-rush-with-petrodollars-drying-up

Bond investors cast doubt on Federal Reserve’s inflationary potential

S&P 500 stalls at record level, set for best August in 36 years

Fed to resume discussion of next policy steps, Clarida says

Uncertainty dominates presidential campaign’s final stretch

Gold retreats as dollar slide halts; dovish Fed lends support

Weighing on gold, the dollar index steadied against a basket of major currencies but was on track for a fourth consecutive monthly decline. "Choppiness in the U.S. dollar will spill over into how gold trades," said IG Markets analyst Kyle Rodda. "The greenback took a big spill on Friday as market participants digested what was coming out of the Jackson Hole Symposium, and the knock-on benefits to gold are still being felt." https://finance.yahoo.com/news/gold-hits-near-two-week…