Expansionary Fed Policy Bullish for Gold: Prosper's Bauer

The video discusses the current state of the gold market, highlighting its relationship with the dollar and the impact of market uncertainties, especially with the upcoming election. Scott Bauer from Prosper Trading Academy suggests that gold is a long-term buy, despite potential short-term weaknesses. Silver is analyzed as well, with a note on its industrial use and current market position. Predictions for gold prices are made, with expectations of reaching $1950 in the short term and $2000 in the long term. The potential impact of a COVID-19 vaccine on gold trading is also explored, emphasizing the complexity and risks involved.

What is the relationship between gold prices and the dollar as discussed in the video?

• Gold prices and the dollar move in the same direction.

• Gold prices are unaffected by the dollar.

• Gold prices are inversely related to the dollar.

• Gold prices are directly proportional to the dollar.

What is the expected impact of Federal Reserve policy expansion on gold prices?

• It will have no impact on gold prices.

• It will stabilize gold prices.

• It will likely decrease gold prices.

• It will likely increase gold prices.

How does the video describe silver's recent market behavior?

• Silver has increased massively.

• Silver has decreased slightly.

• Silver has decreased massively.

• Silver has remained stable.

What is the potential impact of a vaccine on gold prices according to the video?

• A vaccine will likely increase gold prices.

• A vaccine will likely decrease gold prices.

• A vaccine will have no impact on gold prices.

• A vaccine will stabilize gold prices.

What is the suggested approach to trading gold around vaccine news?

• Trade cautiously with defined risks.

• Avoid trading gold entirely.

• Trade aggressively with high risk.

• Trade based on short-term trends only.