Gold Price Prediction After Us Election

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Gold price prediction after us election. 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. But things are never this simple. At the beginning of august 2020 gold prices soared.

On that date gold hit 2 074 per ounce the highest cost to purchase one ounce of gold in the history of mankind. Sebag added that political and macroeconomic uncertainty could add tailwinds to gold. Next surge to follow us election by christopher aaron chief analyst founder igold advisor october 31 2020 gold prices continue to correct from the new all time high set on august 6 2020.

And ended at 1 530 oz a difference of more than 18. If you begin to consider that trump will not win this election and if you look at some of the people on the other side like an elizabeth warren who i personally think may win this election you ll have to consider how the u s. But in 2019 as the presidential election drew closer the price of gold took off.

Presidential elections just a few weeks away the metals research team at refinitiv analyze how the gold price might react in the run up to the election day and the possible outcome. Last year the price started at around 1 290 oz. Presidential elections certainly play a big role not only in shaping the future of the world s largest economy at least for the next four years.

Political landscape tax. The price of gold has risen by 25 per cent this year but analysts expect the climb to continue once us political volatility is past. Gold expected to rise in price after us election.

President trump s resurgence in the national polls appears to have capped gold prices. In the non election years 2017 and 2018 the price of gold remained fairly steady. 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.