Gold & Silver price update - August 31, 2020 - Money Metals Exchange

August 31, 2020 – Metals prices rose last week as the Federal Reserve Note headed south once again. The DXY index had its first weekly close below 93 since 2018.

Check Gold and Silver prices here: https://www.moneymetals.com/precious-metals-charts/

Worse is yet to come for the greenback. Jerome Powell and the FOMC are moving heaven and earth to weaken the dollar and increase price inflation.
Investors responded by buying gold and silver. As wise investors say, don’t fight the Fed.

The end of the summer quiet season is approaching, and this fall promises to be particularly active in the markets. Investors will have plenty to deal with; a highly polarized Presidential election, social unrest, and the ongoing COVID-19 scare with its economic implications.

This week’s schedule for economic data includes key reports on manufacturing and the monthly jobs report. Economists are looking for continued recovery, albeit from the much lower COVID-19 levels.