Market Issues4 Oct 2021 17:18
US Dollar is down today against all currencies that I checked. GBP, EURO, etc.
US Congress needs to vote through agreement to increase the US debt ceiling. The deadline for this is 18th October. This could add downward pressure on the dollar as we get closer to the 18th.
Should the vote go through, raising still further US debt, then that's bullish for the stock market, but not gold !
I still believe gold could re-test 1660 or maybe even 1600 before the year is out, especially if we get a Santa Rally in the stock market.
Keeping my powder dry and waiting , watching. I want to buy, but believe gold will have just one more dip down before it gets onto the begining of a bull run.