Gold closed the week at $2,577 (up $82 since last week) and silver at $30.71 (up $3.18). This episode covers the cause of gold's new record high, big interest news next week, the Trump-Harris debate, and a retrospect of the year for precious metals.

OTHER TOPICS DISCUSSED

-Core CPI above expectations at 0.3% month-on-month

-ECB lowers rates target rate to 3.5%

-Banking buzz from Berkshire sales and Ally's tanking stock

-Gold up 25% this year

Key headlines to look out for in week ahead

Quote of the Week:

"I would dedicate my life to this country but I see it as being a mean life, and I also see it that somebody with strong views and somebody with the kind of views that are maybe a little bit unpopular, which may be right, but may be unpopular, wouldn't necessarily have a chance of getting elected against somebody with no great brain but a big smile and that's a sad commentary for the political process."

-Donald Trump

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.

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The above references an opinion and is for information purposes only. It is not intended to be investment advice.