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Today’s news is heavy on “price.” We have found articles for you that take a close look at gold’s price to see if that price is too high, we also look at how precious metals players are bridging the gap between digital and physical gold, and we also have an analysis on why gold prices are hitting the brakes after a recent break out attempt failed. All this and more—Happy Thursday from Gold & Silver Central!
Let’s dig in…

Latest News
Gold Swings Up and Down While Traders Keep Eyes on Dollar & Stimulus Talks
Gold swung between gains and losses as traders assessed a rising dollar and fading chances for a U.S. fiscal stimulus package. The Bloomberg Dollar Spot Index rose as much as 0.6 per cent, with investors turning to the currency as a haven amid a surge in coronavirus cases. Germany, Italy and the Czech Republic posted record increases in virus cases, while Paris is set for a curfew and Londoners will be banned from mixing with other households indoors. Gold has been whipsawed by the dollar in recent weeks after surging through much of the year amid unprecedented economic stimulus that raised fears of inflation. U.S. House Speaker Nancy Pelosi is scheduled to have another call with Treasury Secretary Steven Mnuchin Thursday in a continuing saga of talks on further aid for the economy. “Absent a shock to risk sentiment, it appears gold is stuck in a holding pattern before the Nov. 3 U.S. election,” according
to a report by Macquarie Wealth Management, noting gold has largely been driven by news over stimulus chances. “It looks increasingly likely…
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Price
Is the Price of Gold Too Expensive?
Since gold bottomed out five years ago, the price has gone up about 100%, and some investors now seem to believe that it has gotten overpriced. In addition to watching important drivers of the gold price, one way to look at its valuation is to simply compare it to popular alternatives. The gold price relative to the Dow Jones Industrial Average would seem to suggest it is not expensive at all. In fact, to match the valuation peak it reached about a decade ago, gold would need to double again from its current price. Of course, that would still leave it far below the peak seen four decades ago. So, gold’s upside potential over the long run looks far from exhausted even after its terrific run over the past few years.
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Price
Leading Precious Metals Players Bridge Digital and Physical Gold
GOLD AVENUE, the official online retailer of the MKS PAMP GROUP now allows DGLD token holders to pay for their physical bars and coins with digital gold. The collaboration between DGLD and GOLD AVENUE is setting an exciting milestone in the relationship between the crypto space and the physical gold community sector. With customers at the core of their business, DGLD and GOLD AVENUE offer precious metals buyers a bridge between digital and physical investments via a user-friendly payment gateway. Since its launch in October 2018, GOLD AVENUE has seen its team grow tenfold and is already reaching nine-figure revenues, “Over the last two years, we have established…
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Price
Gold Price Outlook Hits Brakes After Failed Break Out Attempt
Gold looked primed for a topside break out last week as it coiled into a falling wedge formation. The pattern was marked by a descending trendline to the topside, derived from the August high, and a trendline on the lower end around the $1,850 mark. Typically viewed as a bullish continuation pattern, the falling wedge seemed to provide an ideal springboard for a topside break until resistance near $1,920 stopped the move in its tracks.

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Economy
Goldman Sachs See’s Dollar Weakness Ahead
Goldman Sachs (NYSE:GS) recently said thatthe U.S. dollar may slip to its lows of 2018 on the increasing likelihood of Democratic candidate Joe Biden winning the U.S. election and progress on a coronavirus vaccine (read: A Biden Presidency in the Making? ETF Strategies to Follow).
Strategists led by Zach Pandl said: "Although there are uncertainties around both, the risks are skewed toward dollar weakness, and we see relatively low odds of the most dollar-positive – a win by Mr. Trump, combined with a meaningful vaccine delay,” as quoted on Business Insider.
Goldman treads the same path as UBS Asset Management and Invesco Ltd. in predicting a weaker dollar as Biden extends his lead over President Donald Trump with less than three weeks to election day. Goldman said the chances of a so-called "blue wave" have increased to about 60%.
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Commentary
Watch Gold and Silver Shine After U.S. Elections
Strategists at TD Securities expect that gold and silver will all do better after the election, with the specific fiscal, tax and social policy initiatives and current market positioning determining the upside magnitude. In addition, they expect silver to outperform the yellow metal due to investments in green technology. “Silver does well when there is a favorable environment for gold. It has a historical volatility double that of gold. And, at the current 78 gold-to-silver ratio, the white metal is very cheap. We expect investors to buy it for the same reason as they do gold, but also to capitalize on the post-COVID industrial recovery as over… READ MORE ([link removed])
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Gold Silver Central

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