10.18.19 - Darkening Outlook for U.S.-China Trade Deal

Gold last traded at $1,494 an ounce. Silver at $17.57 an ounce.

NEWS SUMMARY: Precious metal prices traded steady Friday on a weaker dollar. U.S. stocks fell amid weak overseas data while Netflix led Big Tech shares lower.

 

 

 

UBS Doubles Down On Gold - Ups Forecast Again!

graph 163509 640UBS Doubles Down On Gold - Ups Its Forecast Again! -Constable/Forbes
"The usually-conservative Swiss bank UBS has upped its forecast for the price of gold for the second time in less than two months. Now it says the price for the yellow metal could reach as high as $1,730 a troy ounce next year, up $50 from an August forecast, a recent UBS report states. The note last month pointed to the possibility of $1,680 over the same timeframe. If gold did soar that far it would be 17% above the recent price.

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Democrats' Tax Wealth Would Reshape Economy

maxpixelnet Statistics Business Economy Arrows Trend Finance 2899906Democrats' Plans to Tax Wealth Would Reshape U.S. Economy -New York Times
"Proposals from Elizabeth Warren and Bernie Sanders have raised concerns from economists and business leaders who fear the plans would sap economic growth. Progressive Democrats are advocating the most drastic shift in tax policy in over a century as they look to redistribute wealth and chip away at the economic power of the superrich with new taxes that could fundamentally reshape the United States economy. As they compete for the Democratic presidential nomination, Senators Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont have proposed wealth taxes that would shrink the fortunes of the richest Americans.

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