Gold Price After Election

Bush was re elected in 2004 the price of gold climbed about 7 in the month after he won and rose 4 8 overall that year.

Gold price after election. While gold has historically been regarded as a safe haven asset and moves in the opposite. It turns out that on average the thick red line is the average based on the elections nothing really happened. In november 2016 the price went down 7 6.

Presidential elections in 2016. Presidential elections suggests little evidence of a clear relationship between the gold price and the election outcome based on party affiliation. However if we look at the individual price paths it is evident that gold reversed its course on election day in 2008 and 2004.

Will gold price and stocks see big moves right after election result. David lin tuesday november 03. When obama took office in january 2009 the price of gold was valued at just over us 890.

After barack obama was elected in 2008 the price of gold jumped 17 8 by the end of the year. By the end of his first term the metal had climbed around 88 6 percent to us 1 685. Just last week the ceo of us global investors predicted that gold prices could reach an astounding 4 000 due in part to rising money stimulus.

The next month it decreased by 1 8. A close look at historical gold price movements in the aftermath of previous u s. At the beginning of august 2020 gold prices soared above 2 000 per ounce for the first time.