DGLD - Gold: Global Economic Risk Is On Red Alert Due To Pandemic
- There's uncertainty about the US presidential election next week, doubts about any possible US stimulus package, tensions with China, and increasing COVID-19 cases with unemployment rates high and businesses closing.
- Gold and silver are bullish in the mid to long term.
- Europe is locking down again, which will further harm their economies.
- Whoever wins the US election next week is going to face the economic necessity of a larger stimulus package, which will further pump up stocks, while also being bullish for gold and silver as fears of inflation will increase.
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Gold: Global Economic Risk Is On Red Alert Due To Pandemic