AXL Capital Media

At AXL Capital, we believe that gold will NOT steadily decline until the COVID-19 vaccine passes Phase 3 and is approving by the FDA, then, the aftermath of the pandemic will continue, and companies-and countries-will face the big issue of their high debts. In the words of investment guru Ray Dalio, the big challenge is to achieve beautiful deleveraging. According to the data published today 08/30, the US economy accumulated to the second quarter a setback -32.9% due to the effects of the closing of businesses, lower speed of money, therefore, lower consumption per capita due to the Coronavirus pandemic. For that reason, Wall Street is declining, with the Dow Jones index at -1.24%; Also, due to a request to postpone the US presidential elections beyond November 2020. On the other hand, golds join the general decline and fall from its historical maximum yesterday, 29/07, to 1,980 US$/oz (after more than ten consecutive days of rising), currently standing at 1,947 US$/

Following the model developed by the AXL Capital Management team, this report provides the projected levels of gold prices for July 2020. For July 2020 the model indicates an upper limit of 1,877 US$/0z and a lower limit of 1,710 US$/Oz. On average the model indicates 1,788 US$. The US economy and its reactivation plan were threatening by an increase in the number of people infected by COVID-19 to 3.1 million (the previous month's report indicated 2 million) and 133,420 deaths. Unemployment claims continue to decrease week by week (1.31 MM vs. 1.41 MM). At AXL Capital, we currently see as the only threat to the continuity of the plan to reopen the US economy, a resurgence of the Coronavirus, and the potential quarantine at home with the main factor for the decline of the stock market and a new rally of Gold prices.  Gold prices in the first week of July surpassed 1,800 US$/oz, a resurgence of the Coronavirus would increase the levels of uncertainty and would put