SMM News: Trump said a few days ago that he would like to see a larger stimulus package. Both parties in the United States have released their willingness to reach an agreement, but Bank of America points out that the stimulus package may not be available before the US election. Next week, we still need to keep a close eye on the progress of the stimulus package, the situation in the US election and the spread of the global epidemic. As the time for the US election approaches, the market is likely to be more volatile.
Spot gold
Spot gold rose sharply yesterday, hitting $1930 at one point and closing at $1929.75 an ounce, up 1.92 per cent. So that this week's weekly line recorded an increase. Gold has rebounded for two weeks in a row. The situation in the US election, the novel coronavirus epidemic and the progress of the stimulus negotiations are all causing volatility in the market. Most analysts are still bullish on gold next week.
