October 14, 2020

Gold broke $1,900 again as sliding equities helped boost metals’ appeal heading into what will likely be a turbulent fourth quarter as the election nears and stimulus aid remains uncertain.  Treasury Secretary Steve Mnuchin stated today,  that a new round of stimulus would be difficult to pass prior to the election.  This comes as both Eli Lilly and Johnson & Johnson suspended COVID treatment trials this past week putting the timeline of an effective vaccine in question.