Low Gold Spot Price Today Might Not Last, Why?

The gold spot price today continues to slump below $1900, but this low price might not last. The US GDP expanded 33% in the third quarter, but it’s still currently 3.5% below where it was in 2019. CNBC pins this as a victory, even though this is the second-largest three-quarter drop on record. In addition to this, another 751,000 people applied for unemployment last week, the final number before the election. However, the gold spot price has room to increase because of other factors affecting the markets right now. This includes the election, COVID resurgences, and an upcoming Indian holiday k…

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HEDGE accordingly