Gold Price And Us Election

The gold price after the us election andrew maguire believes that regardless of the ultimate resolution of the us election once an initial period of volatility settles the outlook for gold is positive.

Gold price and us election. Political landscape could change course completely if taking into account the possibility that a democrat like elizabeth warren could win the 2020 presidential election said roy sebag ceo of mene. 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. This doesn t appear to be the case at present however.

Presidential elections suggests little evidence of a clear relationship between the gold price and the election outcome based on party affiliation. A close look at historical gold price movements in the aftermath of previous u s. At the beginning of.

Will gold prices drop in 2020. Since gold s price peak in august the market has stayed volatile but between 1 400 1 500 per ounce. In that light it s not surprising that gold recently hit a record nominal high above 2000 while silver has more than doubled off its march lows.

In the non election years 2017 and 2018 the price of gold remained fairly steady. Kitco news the u s. 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.

Last year the price started at around 1 290 oz. Gold prices drop as investors await us election results spot gold was down 0 1 at 1 892 52 per ounce by 0353 gmt. According to german refiners heraeus gold typically rallies in the run up to an american election and then trades lower afterwards.

Gold futures were little changed at 1 892 00 per ounce. Sebag added that political and macroeconomic uncertainty could add tailwinds to gold. Gold prices spike on us election count as trump biden uncertainty whips financial markets wednesday 11 04 2020 13 28 gold prices whipsawed sharply wednesday morning almost erasing the week s previous 2 gain before rallying back above 1910 per ounce as vote counting continued in 2020 s hotly contested us presidential election.