{"id":105258,"date":"2020-09-24T22:08:48","date_gmt":"2020-09-24T21:08:48","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105258"},"modified":"2020-09-25T06:44:06","modified_gmt":"2020-09-25T05:44:06","slug":"104446-gold-and-silver-looking-shaky-on-failing-stimulus-talks","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104446-gold-and-silver-looking-shaky-on-failing-stimulus-talks\/","title":{"rendered":"Gold and Silver Looking Shaky on Failing Stimulus Talks"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><strong>Heading towards the US Presidential elections precious metals could slip given US lawmakers failure to agree to stimulus.<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>Silver prices could move lower after breaking through Symmetrical Triangle support.<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>Gold prices capped by former support-turned-resistance. Could more losses be coming?<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The failure of Congress to agree to additional fiscal stimulus, rising US \u2013 Sino tensions and the lack of monetary stimulus could see gold decline ahead of the US election in November, resulting in gold and silver extending the pullback\u00a0 from their respective monthly highs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The longer term outlook for Gold remains positive particularly following the Fed\u2019s adoption of average inflation targeting (AIT) and following recent comments from New York Fed President <\/span><b>John Williams <\/b><span style=\"font-weight: 400;\">who insisted that the central bank stands ready to do whatever necessary<\/span><b>\u201d<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even so, the Fed are unlikely to adjust monetary policy just before the US Presidential election.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0Congress is also moving its focus to replacing the late Supreme Court Justice <\/span><b>Ruth Bader Ginsburg, <\/b><span style=\"font-weight: 400;\">and still needs to approve a continuing resolution to fund the government before September 30.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The precious metals could move higher in the near-term if US policymakers fail to quench the market\u2019s need for further stimulus.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Heading towards the US Presidential elections precious metals could slip given US lawmakers failure to agree to stimulus. Silver prices could move lower after breaking through Symmetrical Triangle support. Gold prices capped by former support-turned-resistance. Could more losses be coming? The failure of Congress to agree to additional fiscal stimulus, rising US \u2013 Sino tensions [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1381],"tags":[3135],"class_list":["post-105258","post","type-post","status-publish","format-standard","category-usd","tag-dxy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold and Silver Looking Shaky on Failing Stimulus Talks - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104446-gold-and-silver-looking-shaky-on-failing-stimulus-talks\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104446-gold-and-silver-looking-shaky-on-failing-stimulus-talks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104446-gold-and-silver-looking-shaky-on-failing-stimulus-talks\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"Gold and Silver Looking Shaky on Failing Stimulus Talks\",\"datePublished\":\"2020-09-24T21:08:48+00:00\",\"dateModified\":\"2020-09-25T05:44:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104446-gold-and-silver-looking-shaky-on-failing-stimulus-talks\\\/\"},\"wordCount\":204,\"keywords\":[\"DXY\"],\"articleSection\":[\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104446-gold-and-silver-looking-shaky-on-failing-stimulus-talks\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104446-gold-and-silver-looking-shaky-on-failing-stimulus-talks\\\/\",\"name\":\"Gold and Silver Looking Shaky on Failing Stimulus Talks - 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