By Rick Andrews Gold prices continued to stay around the $1,900-per-ounce support level, closing the week at $1,906.40 per ounce (see the following chart). The U.S. presidential election is about two weeks away, and the outlook is for uncertainty. The race is tight, mail-in ballots complicate things, and lawyers on both sides are lined up to challenge results in key swing states that will decide this election. We may not know the final result for months. No matter who wins, the anticipated trajectory for the U.S. dollar is it to continue to decline, while gold should continue to track upward. MarketWatch reports, “[Steve Barrow, head of G-10 strategy at Standard Bank,] argued the COVID-19 pandemic has created a national and global emergency ‘that far transcends the importance of who holds the keys to the White House.’ “The legacy of the crisis will be a huge U.S. budget deficit that won’t be financed internally and will therefore require large capital inflows at a time when U.S. yields have lost much of their advantage over other developed countries, while equities still stand at levels that look inflated compared with stock markets in other countries, he said.” Rick Andrews is president of Avant Capital Management.