Gold Price Election 2016

Gold prices have been tightly tethered to the 1 900 an ounce level as investors have been reluctant to take any significant bets ahead of the u s.

Gold price election 2016. Visit our online order desk. In the table below are the results of the presidential elections from 1976 to 2012 and the change in the price of gold from election day to the end of that year. Gold is in the doldrums with relatively low volumes and still range trading.

The far right column shows the percent change of the price of gold from election day until the end of the election year. In addition gold may also be sought out by investors. 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.

Buy gold ahead of the 2016 election says business insider despite identifiable historical trends the ultimate impact of the election on gold coin prices remains to be seen. December 13 2020. Gold coins current prices 8 16 pm sun.

A falling gold price would indicate that investors are pricing in a probable victory for democratic nominee hillary clinton. And likely to be so until the approach to the election especially given that the markets are now sensing a tightening in the presidential race and not discounting a repeat of the 2016 outturn stonex head of market analysis for emea and asia regions rhona o connell. At a given moment a number of factors could be influencing gold s position including the strength of the dollar rate of inflation oil prices and the overall economic.

Not only does gold have the potential for significant price. Gold prices could soar 10 and exceed 1 400 an ounce if donald trump gets elected u s. Indonesia has a significant gold jewelry market and demand for gold jewelry can have a significant impact on the price of gold in indonesia.

According to analysts memories of the 2016 election night remain extremely vivid on the eve of what is expected to be an unprecedented event. The precious metal is now down roughly 1 50 an ounce as of 2 30 p m. For financial year 2016 the mine reportedly produced some 1 061 000 ounces of gold.