Over the weekend, two news networks declared Joe Biden the winner of the 2020 election. This will affect the precious metals market in the coming weeks. How so? Be sure to check your daily emails from us here at Gold & Silver Central. We will be delivering news on prices, the stock market, the economy, along with international metals news and plenty of commentary from qualified analysts.

That is what we did today. Enjoy you Monday and now, let’s dig in…

Commentary
Here’s Why Gold Might Hit $2,000 Again in 2020

During election week, the gold price was trading at $1900 per ounce and hit its highest point of $1950 at mid-week. Speaking to the Investing News Network, Frank Holmes, CEO and CIO at U.S. Global Investors, said the price move from the yellow metal didn’t surprise him. In fact, he expects gold to rise much higher, largely due to global money printing. “It’s not just America, but the G20 countries are really implementing and practicing in many different ways this MMT — Modern Monetary Theory — of giving out money, sending out money … this is unprecedented,” Holmes explained. He continued…

Commentary
Coming to America (Maybe): Negative Yields

It’s tough enough for fixed-income investors — retirees, life-insurance companies, pension funds — to find high-yielding assets, with the Federal Reserve holding rates so low. It’ll get even tougher when negative yields comes to the U.S., according to one prominent investor. Scott Minerd, chief investment officer at Guggenheim Investments, predicts that the yield on 10-year Treasury notes — currently around 0.82% — could flip to negative 0.5% by 2022. That could trigger a ripple effect that would eventually cause the Fed to assume risk, Minerd told Yahoo Finance Live. Fed officials embarked on a…

International
Indian Jewelers Hope ‘Dhanteras’ Will Lead to 70% of Last Year’s Business

Jewelers are betting on recovery and are optimistic that a rebound in the economy and pent up demand will help boost sales during this 'Dhanteras' and the industry is likely to do up to 70 per cent of last year's business. Notwithstanding the ruling high gold prices and ongoing COVID-19 uncertainties, jewelers are expecting a revival in retail sales this festive season as the yellow metal has always been an integral part to festivals in India, particularly so during Dhanteras, Diwali, and the ensuing wedding season. "There has been a gradual growth in both footfalls and sales since the beginning of the festive season which has grown even more since the last few days despite the ongoing uncertainties over COVID. This has made us hopeful that we will be able to do 70 per cent of last year's business during Dhanteras," All India Gems and Jewelry Domestic Council (GJF) Chairman Anantha Padmanabhan told PTI. Gold prices have been ruling in the range of Rs 52,000 per 10 grams in the country.

Commentary
Will the Gold Rally Continue or Fizzle Out?

While the prevailing circumstances may not warrant a sharp decline in price, returns can slow if a coronavirus vaccine is developed, or if the global economic recovery is quicker or stronger than anticipated.

Price
Palladium Gets a Big Boost from US Presidential Election

Joe Biden won the presidential election in his birth state of Pennsylvania this Saturday and he became 46th president of the United States. Palladium price is expected to continue to be supported over the long-run and could actually accelerate to the upside this November if the global situation stabilizes. Palladium has seen a significant rise in price since the election day and the price of this precious metal has advanced from $2200 above $2500 in less than several days. It is important to say that this precious metal is different from gold or silver in terms of investment. Palladium has seen a significant rise in price since election day and the price of this precious metal has advanced from…

Stock Market
Institutions are Replacing Gold ETFs with Bitcoin, Says JP Morgan

According to JPMorgan, demand is higher for Grayscale’s Bitcoin Trust than all gold ETFs combined. HERE’S WHY

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