Gold is trading at around $1,950, off the post-Fed lows but below the levels seen prior to the event. The yellow metal also depends on the next round of fiscal stimulus and economists at TD Securities see politics influencing the precious metals. Key quotes “As the Fed disappointment in fringe expectations filters out of market positioning, gold market participants will turn their attention back towards conventional market drivers considering that the positioning slate remains void of extremes or ‘weak hands’.” “Continued signs pointing to recovery should support gold higher as inflation expectations firm. Using this lens, however, reveals that conventional factors may inadvertently be driven by the US election. While central banks have the willingness to let inflation run hot, there is considerable debate surrounding whether they have the ability to stimulate inflation — fiscal impulse may be a more powerful driver for inflation expectations going forward.” “Markets currently expect that a Democrat victory could reinforce the weaker dollar narrative and thereby support gold, but the inflation tail risk may be more elevated regardless of under an undivided government that could be successful in producing more fiscal packages. Hence, as we enter into the count-down to the Presidential election, we may see the re-emergence of politics as a driver for precious metals.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Germany’s 2021 budget foresees €96.2 billion of new debt – Reuters FX Street 2 years Gold is trading at around $1,950, off the post-Fed lows but below the levels seen prior to the event. The yellow metal also depends on the next round of fiscal stimulus and economists at TD Securities see politics influencing the precious metals. Key quotes “As the Fed disappointment in fringe expectations filters out of market positioning, gold market participants will turn their attention back towards conventional market drivers considering that the positioning slate remains void of extremes or 'weak hands'.” “Continued signs pointing to recovery should support gold higher as inflation expectations firm. Using this lens, however, reveals that conventional… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.