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Where could gold prices head before and after the 2020 election.
Gold price after us election results. But in 2019 as the presidential election drew closer the price of gold took off. And ended at 1 530 oz a difference of more than 18. 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 us presidential race is on and with less than a month until the 2020 election political tensions are running high. Last year the price started at around 1 290 oz. A weakening dollar the effect of the election on the price of gold is a.
P radomski cfa in monday s analysis i wrote that the market situation. This is causing volatility in the financial markets as the future price of currency commodities and stocks is uncertain. At the beginning of august 2020 gold prices soared.
Gold price slides after us elections but before results commodities gold silver 2020 nov 04 2020 04 53 pm gmt. Based on recent gold prices of 1 872 a troy ounce investors could expect the price of the yellow metal to surge as high as 2 263 if the democrats sweep congress and gold s price history repeats. In the non election years 2017 and 2018 the price of gold remained fairly steady.
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