Gold, silver bulls working to stabilize prices

Gold last traded at $1,868 an ounce. Silver at $23.18 an ounce.

NEWS SUMMARY: Gold prices see pullback Friday on a stronger U.S. dollar. Stocks wavered as worries grow over the economic outlook, S&P and Dow on track for four-week losing streak.

KITCO---"Gold prices prices are trading near their session highs at midday, suggesting the bulls are working hard to stabilize their markets. A rallying U.S. dollar index recently that hit a two-month high overnight....Not quite half-way through the 'rough waters' period (September and October) for the stock market, it seems odds do not favor a strong recovery to new record highs in the U.S. stock indexes. It's also a period when North Americans and Europeans will be staying inside more as colder weather approaches, with the potential for new Covid restrictions on businesses crimping their revenues. And there is no new financial stimulus package for Americans in sight. Throw in the element of the high potential for a disputed and even protracted U.S. presidential election result (President Trump said Wednesday the presidential election in November will likely be decided by the Supreme Court), and all of the above should favor trader/investor demand safe-haven assets like gold, silver, the U.S. dollar and U.S. Treasuries."