Next week’s gold price chaos: U.S. election, Fed meeting, U.S. jobs data

Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) The gold market is holding its breath before the most eventful week of the year, according to analysts.

The first week of November will not only see the most anticipated event of the year — the U.S. election, but also the Federal Reserve interest rate decision and some key datasets, including the U.S. employment figures from October.

And this is already on top of the extremely volatile price action gold has been seeing during the last week of October. The precious metal wrapped up the month by losing its key $1,900 an ounce level as prices touched a one-month low of $1,859 on Thursday. At the time of writing, December Comex gold futures were trading at $1,880.20 an ounce, […]

Click here to view original web page at www.kitco.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.