The gold market is in need of a new catalyst as prices continue to consolidate around $1,900 an ounce. With the U.S. election in the home stretch, many investors are hoping a fiscal stimulus package would be the spark to ignite a new rally.
In a telephone interview with Kitco News Friday, Christopher Vecchio, senior currency strategist at IG Group, said that if investors are looking for more stimulus aid then they should be paying close attention to the Senate election race because this is what will drive new government money into the economy.
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