Gold Price After Us Election

Political landscape tax.

Gold price after us election. If you take the last three elections in 2004 2008 and 2012 for example the 12 month period leading up to each election have all resulted in a drop in gold prices just prior to the election. Sebag added that political and macroeconomic uncertainty could add tailwinds to gold. Markets return to volatility after the us election gold climbed above 2 000 per ounce in august an all time high then retreated to trade between 1 850 1 950 per ounce.

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. But in 2019 as the presidential election drew closer the price of gold took off. Presidential elections just a few weeks away the metals research team at refinitiv analyze how the gold price might react in the run up to the election day and the possible outcome.

Gold and silver news. At the same time the price of gold has been incrementally increasing since november 2016 it s risen from us 1 183 per ounce at that time to around us 1 900 a month before this year s election. The us presidential race is on and with less than a month until the 2020 election political tensions are running high.

At the beginning of august 2020 gold prices soared above 2 000 per ounce for the first time. In the non election years 2017 and 2018 the price of gold remained fairly steady. Again no clear pattern emerges.

Presidential elections certainly play a big role not only in shaping the future of the world s largest economy at least for the next four years. At the beginning of august 2020 gold prices soared. Gold prices thirty trading days before and after u s.

Where could gold prices head before and after the 2020 election. If you begin to consider that trump will not win this election and if you look at some of the people on the other side like an elizabeth warren who i personally think may win this election you ll have to consider how the u s. The gold price after election results was initially higher rising to the top of the range.