Gold Wave Likely Regardless of U.S. Election Outcome

by Paul Wong
Sprott Money

October was a flat month for gold bullion, with the yellow metal losing 0.37%. Year-to-date through October 31, 2020, gold has gained 23.83.1 Silver bullion2 climbed 1.81% in October and has risen 32.51% YTD. Gold mining equities pulled back in October but have gained 27.57% YTD and 32.83% YOY as of October 31 (as measured by SGDM3). This compares to 2.77% YTD and 9.71% YOY returns for the S&P 500 TR Index.

[…] Source: Bloomberg. Period from 12/31/2019-10/31/2020. Gold is measured by GOLDS Comdty; US Agg Bond Index is measured by the Bloomberg Barclays US Agg Total Return Value Unhedged USD (LBUSTRUU Index); S&P 500 TR is measured by the SPX; and the U.S. Dollar is measured by DXY Curncy. You cannot invest directly in an index. Past performance is no guarantee of future results.

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