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Gold slips as equities hit record on optimism over virus treatment

Gold is just consolidating right now with stock indexes at record highs. It really needs a bigger catalyst, it needs additional fiscal stimulus, it needs inflation to pick up, in order to get really going,” said Phillip Streible, chief market strategist at Blue Line Futures in Chicago. https://financialpost.com/pmn/business-pmn/gold-slips-as-equities-hit-record-on-optimism-over-virus-treatment  

Gold heads lower as potential COVID-19 treatment boosts the stock market

Gold futures gave up early gains Monday to move lower, as global equity markets saw sharp gains fueled by optimism over a potential COVID-19 treatment. https://www.marketwatch.com/story/gold-and-silver-prices-move-higher-on-bargain-hunting-2020-08-24

Gold slips as coronavirus treatment hopes boost risk appetite (Reuters)

Investors are now waiting for U.S. Federal Reserve Chairman Jerome Powell's speech at Jackson Hole on Thursday for any hints about how aggressively the central bank will try to manage the long-term recovery from the coronavirus pandemic. "The U.S. central bank should reiterate its pledge for ultra-low rates, providing some support for gold," Avtar Sandu, a senior commodities manager at Phillip Futures, said in a note. "The central bank may be expected to signal greater tolerance for…

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