Gold doesn’t correlate strongly to U.S. presidential elections, but has performed slightly better after Democratic wins.
Last year was the first time in 30 years that gold miners made no major gold discoveries.
Precious metal has lagged heavily over five years, but is starting to show signs of upward momentum
The Fed is about to cut interest rates, and if history is an indicator, that could be very good for gold.
Odds of a 50-basis-point interest rate cut at next week’s FOMC meeting skyrocketed Thursday after new U.S. data shows inflation has not cooled. Blackrock analyst said larger cut could spark concerns.
AngloGold purchases Centamin at a 36% premium in a $2.5 billion deal announced Tuesday
Precious metals draw down slightly after jobs data comes on consensus. Volatility likely to be lower as U.S. heads into holiday weekend.
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