Gold investment: The Us Vice – Presidential debate on the site of the war of words! Federal Reserve warns of economic Recovery! Gold short – term still has room to fall!

In the Asian session on Thursday, spot gold remained in a range of volatility, now quoted at $1886 an ounce, hitting as high as $18,89.17 an ounce. Spot silver was little changed at $23.81 an ounce. The DOLLAR index hovered around 93.60. The previous trading day, because the market of the United States will further stimulus measures to support the virus to crack down on economic concerns, the market also pay close attention to the fed’s last meeting record to look for clues about the prospect of monetary policy, spot gold and silver swept away, rebound, spot gold days showed a trend of narrow range, mainly run on 1880 – $1900 range, the most high at $1897.83 an ounce, eventually closed up 0.46%, to $1887 / ounce. Spot silver rebounded even more strongly, rising more than 4 percent on the day to approach $24 before retreating to end the day up 3.24 percent at $23.80 an ounce. The DOLLAR index.DXY was steady on the day, continuing to move above the 93 mark and closing down 0.24% at 93.62.

In midweek Sanya, Republican Vice presidential nominee Mike Pence and Democratic Vice presidential nominee Harry Harris held their first and only televised debate in Salt Lake City, Utah. The vice presidential debate was quieter, clearer and more disciplined than the first presidential debate. Although the atmosphere was calmer, the atmosphere on stage remained combative throughout the evening.

The debate began by focusing on the COVID-19 pandemic, but quickly expanded to a range of policy issues, including climate change, trade, jobs and the US stance against China.

Host Susan Boyle’s first question was about coVID-19. “With 210,000 deaths from COVID-19 in the United States, what will the Biden administration do to combat the coVID-19 pandemic?” she asked.

Ms Harris got off to a blistering start: “The American people have witnessed the worst administration in the history of our country,” she went on to launch a full-scale assault on the Trump administration’s handling of the crisis. Harris highlighted the staggering number of deaths from the virus in the US and attacked the White House for failing to act in the early stages of the outbreak. “They know what’s going on, but they won’t tell you,” she said. “They know, but they hide it.”

Mr Pence defended the Trump administration’s handling of the crisis and said Mr Biden’s administration would not have done better under the same circumstances. “Our country has gone through a very challenging time this year, but I want the American people to know that President Trump has put the health of the American people first from Day one,” he said.

As the debate shifted to the economy, Pence delivered some of the sharpest criticisms of Biden’s record. When Harris attacked the Trump administration for waging a trade war with China, the vice President retorted, “Biden has never wanted to stand up to China.”

Host Susan Asked Pence and Harris about their concerns about the ages of Trump, 74, and Biden, 77. However, they both dodged questions about the ages of their running mates. Given that President Trump is 74 and recently infected with the coronavilla, and That The Democratic nominee, Joe Biden, is 77, the consensus is that the vice President between them might play a bigger role in a future administration or even be more likely to assume the presidency in the event of a crisis. As a result, the vice presidential pick now carries more weight with voters.

At 02:00 Beijing time on Thursday, the Federal Open Market Committee released the minutes of its September 15-16 monetary policy meeting.

As for the Fed’s policy path, on the one hand, some members felt it would be appropriate to conduct a bond purchase review at the next several meetings, the minutes showed. On the other hand, the Fed continues to call on the administration and Congress to strengthen the fiscal support for the economy. The Fed was concerned about the risks to the economic recovery posed by another coVID-19 outbreak, and officials were concerned that current financial assistance measures were insufficient, according to the minutes. Many participants said the pace of recovery could be slower than expected if future financial support were much less than they had expected or came much later than they had expected.

According to the minutes of the meeting, some participants believed that savings from epidemic assistance funds could provide a greater incentive to spend than expected, but two commissioners did not believe this was possible. As for the OUTLOOK for the US economy, some members expressed concern about the long-term impact of coVID-19 on employment and participants generally expected spending on services to remain subdued for some time, dampening the pace of recovery, the minutes showed.

As for the much-watched forward guidance, the minutes noted that Fed officials did not see forward guidance as an unconditional commitment. Participants felt that, given the very low level of long-term interest rates, there did not seem to be much need for more forward guidance or much scope to put further downward pressure on yields. Officials also worry that the increased forward guidance could limit the committee’s flexibility for years.

‘The outlook for the U.S. economy is very uncertain, and fiscal policy action will be very useful in the short term,’ William Williams, the fed’s third-ranking official and President of the New York Fed, said in a speech at the Hoover Institution on Thursday. Chicago Fed President Charles Evans said many risks and uncertainties remain in the U.S. economy, with inflation well below the 2 percent target and far from robust levels. Evans stressed that in the future, the extent of damage to the U.S. economy depends on additional financial assistance, and the Fed will use all the tools at its disposal to support the economy.

Fundamental positive factors

  1. According to Worldometers’ real-time world statistics, as of 7:31 am October 8, the total number of confirmed cases of COVID-19 worldwide has exceeded 36.36 million, reaching 36,369,813, and the total number of deaths has exceeded 1.059 million, reaching 1,059,664. The United States has the highest cumulative number of confirmed COVID-19 cases in the world, with more than 777 million cases to 7,770,612. The cumulative number of deaths has exceeded 216,000, reaching 216,652.

2.Donald Trump on Tuesday night repeated his call for billions of dollars in federal support for jobs in the airline industry. Just hours earlier, he had suspended negotiations with Democrats on a national economic stimulus plan until after the election. “The House and Senate should immediately approve $25 billion in airline wage subsidies,” Mr Trump said on Twitter. Mr Trump also used Twitter to urge Congress to approve a $1,200 economic stimulus check for Americans. It was unclear whether that meant Trump would withdraw his decision to stop negotiating with Democrats on economic stimulus.

  1. Hindustan Times reported that India-US contacts will increase significantly in October with the signing of the Basic Exchange and Cooperation Agreement (BECA) to enhance India’s missile strike capability. Indian Foreign Minister Sushil Jaishankar and US Secretary of State Mike Pompeo are reported to have held talks on October 6. In mid-October, US Deputy Secretary of State Stephen Bigan will visit India, followed by US Defense Secretary Mark Esper and Indian Defense Minister Rajat Singh holding a “2+2” meeting with representatives from the foreign and Defense ministries of the two countries. The signing of BECA will be a very important event as it will enable India to use the US global geospace map to provide guidance for its cruise and ballistic missiles, the report said. This is another step towards India’s acquisition of the US MQ-9B combat uav, which also USES the maps to attack enemy targets. India and the United States have signed three agreements under which they can refuel and resupply each other’s military facilities and exchange military intelligence on land and sea threats in the Indo-Pacific region.

Fundamentals negative factors

1.White House doctor Sean Conley issued an update on President Trump’s health on Wednesday, saying the President has been “symptom-free for 24 hours.” “Since his discharge from the hospital, he has not required or inhaled oxygen” and “has not had fever for more than four days,” Conley wrote in the briefing. Trump’s sample test results on Monday showed “detectable levels of SARS-COV-2 IgG antibodies.” Mr. Trump said there would soon be a very good vaccine.

2.PRESIDENT Donald Trump said On Tuesday that House Speaker Nancy Pelosi was not ready to negotiate in good faith and that he had rejected a Democratic economic stimulus proposal. “We offered a very generous $1.6 trillion offer, and she, as always, has no intention of negotiating in good faith,” Mr Trump tweeted. He was referring to House Speaker Nancy Pelosi. Trump said he had directed Senate Majority leader Mitch McConnell to “focus on confirming my outstanding Supreme Court nominee, Amy Coney Barrett.” “I have instructed my representatives to stop negotiating until after the election, and immediately after I am elected, we will pass a major economic stimulus bill focused on hardworking Americans and small businesses,” Mr Trump added on Twitter.

Technical analysis:

Gold: Spot gold intraday pressure, its immediate trend run complex. The intraday focus is on the turning point at $1892, which gold is currently trading below, with first support at 1879, then 1873. If the upper break is $1892, then alternative bullish strategy can be considered, the first target is 1898, the second target is 1906.50.

Silver: spot silver days under pressure, its immediate trend of complex movement, tends to decline. Intraday focus on the turning point at $24.00. Silver is currently trading below this turning point, with first support at 23.32, then 23.04. If it breaks $24.00, then alternative bullish strategies can be considered, with the first target at $24.18 and the second target at $24.50.

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