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MarketWatch: Forget the Fed, Check Diwali

LONDON, 2 November 2018 – Comment from BullionVault features today in the latest gold-price update from leading US finance site MarketWatch.

Faced with "such uncertainty" around the US mid-term elections and next week's Federal Reserve policy meeting, "gold is taking a pause after its best winning streak since January," the report quotes BullionVault director of research Adrian Ash, pointing to gold's run of 4 weekly gains.

"But the more significant event for prices next week might be Diwali in India," Adrian adds, because "the metal's No. 2 consumer nation is reaching its peak demand season with prices near six-year highs (thanks to the sinking Rupee).

"That's badly hurting gifting and investing among the world's wiliest gold-buying households."

Get the full story on MarketWatch here:

Gold falls after a strong October jobs report, ends lower for the week

Source: 
MarketWatch

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