Gold Price Before Election

Where could gold prices head before and after the 2020 election.

Gold price before election. Presidential election and we may well see the yellow metal hit a fresh record before the year end. But in 2019 as the presidential election drew closer the price of gold took off. The price of gold from the election day 100.

The price action has been highly dependent on the u s. That is one reason why we expect gold prices to hit fresh records before year end citi said. Presidential elections in the 1990s and 2000s index.

In the non election years 2017 and 2018 the price of gold remained fairly steady. Gold began the week just below 1 915 an ounce and on friday afternoon was trading at 1 906 20. Citi views gold as being in the middle of its current bull cycle according to the report.

The price of gold has dipped recently alongside a small pick up in us real yields. The election could be an extraordinary catalyst for gold flat price and volatility skew late in the fourth quarter even though historically there is no clear pattern for gold trading or price volatility into and after u s. Last year the price started at around 1 290 oz.

At the start of the month gold printed a high of 1 913 oz. Gold prices thirty trading days before and after u s. Most active prices set a record 2 089 20 on aug.

But as markets anxiously await the election analysts point to one key driver that could push gold significantly higher before november 3. Aside from the election turbulence citi s outlook on gold is a positive one in general considering the low interest rate environment. And ended at 1 530 oz a difference of more than 18.