Greenback's pain is gold and silver's gain

Gold last traded at $1,903 an ounce. Silver at $24.67 an ounce.

NEWS SUMMARY: Precious metal prices pulled back Thursday on profit-taking and a firmer dollar. U.S. stocks retreated as traders weighed the latest fiscal stimulus news along with corporate earnings and economic data.

 Wykoff/Kitco---"Gold and silver prices are firmly up in U.S. trading Wednesday. Support at mid-week comes from a weakening U.S. dollar index that hit a six-week low today. Weaker U.S. stock indexes at midday are also aiding the precious metals markets, which are a competing asset class with equities...Gold and silver also got some buying support today when Federal Reserve Governor Brainard make some downbeat remarks on the U.S. economy, including saying the rate of jobs growth is decelerating. It appears questionable if the U.S. Congress and the Trump administration can come to agreement on a new Covid-19 stimulus package before the U.S. elections in less than two weeks. All sides are still in communication regarding getting some kind of a stimulus package for Americans, however. The U.S. Senate Republicans could stymie any deal that is agreed upon by the House and the Trump administration....Technically, December gold futures bulls have the overall near-term technical advantage and they are working on restarting a price uptrend on the daily bar chart. Bulls' next upside price objective is to produce a close in December futures above solid resistance at the October high of $1,939.40....December silver futures bulls have the overall near-term technical advantage and are working on a price uptrend on the daily chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at $27.00 an ounce."