Gold is on course for its worst week in six months, as the precious metal has been hit on two sides by a strengthening dollar and falling inflation expectations. Even though they added 0.5% on Thursday, New York gold futures have dropped 4.3% this week to $1,876.90 a troy ounce. They are on pace for their biggest weekly drop since March, when concerns over the coronavirus roiled markets. Silver has dropped 14% this week to $23.196 a troy ounce, also heading its worst week since March, while platinum has shed 11% to $838. “With new Covid-19 cases and strong calls from Fed officials for more stimulus, then you know the economy is going to be weak and inflation weak,” she said.

Source: Wall Street Journal September 24, 2020 13:03 UTC