Strengths
The best performing precious metal for the week was palladium, up 12.64%, despite hedge funds cutting their positioning to a 10-week low. Gold had its best weekly gain since July as Joe Biden moves closer to winning the presidential election and on prospects for further Federal Reserve stimulus. The yellow metal hit a six-week high, also boosted by the declining U.S. dollar. Velocity Trade Capital analyst Michael Siperco wrote this week that the election outcome won’t change…
