Gold Price During Election Year

In 1971 2015 period gold lost in election years 0 04 percent on average during that month while gaining only 0 07 in non election years and 0 04 percent overall.

Gold price during election year. The elections will be impactful on the gold price but only until we. On the contrary the second year of the presidency is the best for the price of gold as the shiny metal rallies 12 89 percent on average. In the non election years 2017 and 2018 the price of gold remained fairly steady.

The pending us election along with the second wave of covid 19 is expected to add tailwinds for gold in the short term. Primaries are in full swing as we begin to cast our eyes toward the 2020 presidential election. Will gold price see a last minute boost.

Where could gold prices head before and after the 2020 election. In fact the price is on a rise. Dec 11 2020 04 57pm the metals money and markets weekly by mickey fulp december 11 2020.

These factors underlie the reason many analysts expect a bumpy ride during election years but also make it a popular time to buy gold. Last year the price started at around 1 290 oz. But in 2019 as the presidential election drew closer the price of gold took off.

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. And ended at 1 530 oz a difference of more than 18. 1 actually studies of the past few elections show an increase in prices as election year approaches then a slow decline in gold prices in the months immediately preceding the election and finally a sizeable.

In 2000 the gold price at election time was at its lowest for the year however during the 2004 election you can see that the gold price is well off the 52 week low. In 2008 the price was on a 52 week low but in 2012 aside from a slight dip with a quick rebound around election day the price was closer to the 52. The next chart presents the comparison between the average monthly returns of gold in november in election and non election years.