The New CS Board

[jumanji0881]

The real gold price test is coming next week – analysts : https://www.kitco.com/news/2021-09-24/The-real-gold-price-test-is-coming-next-week-analysts.html

Excerpt:
Next week, the focus will shift to the debt ceiling debate, with U.S. Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell continually stressing the urgency of the matter. Also on the radar will be the progress around the infrastructure package.

Any obstacles surrounding those two events can help support gold prices next week, Moya noted. "There is some concern that it might not get done in time. But, at the end of the day, there should be an agreement on the debt ceiling," he said. "If Treasury yields continue to move higher, that has been kryptonite for gold."

At the same time, if there is an easy resolution to the debt ceiling, the shutdown is averted, infrastructure bill is passed, and the U.S. stocks rally back towards the record-high territory, then gold could see a more significant selloff below $1,700, Moya stated.