Gold Price Presidential Election

That said gold and silver fared well the last time a republican was up for re election in 2004 kicking off a bull market that ultimately culminated in gold s previous record high near 2000.

Gold price presidential 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. Gold prices are seeing buying interest limited at mid week amid the so far orderly u s. In the non election years 2017 and 2018 the price of gold remained fairly steady.

Last year the price started at around 1 290 oz. Elections and despite no winner yet in the race for president. As both candidates vie for the white house in this high stakes vote looking past the.

As shown in the chart gold was in sideways trends before the november 2016 elections and due to market dynamics and pre election intermediate term cycles prices were expected to drop. The approaching 2020 us presidential election looks set to be one of the most polarized in recent history. And ended at 1 530 oz a difference of more than 18.

Despite the very tight presidential race that could take days or longer to determine a winner traders and investors are presently not exhibiting keen risk aversion wednesday. Within 4 years of the november 2016 election gold gained 84 49 as trump gets president. The pre election 12 02 percent and election 12 76 percent years are between but gold s highest performance is evidently closer to the midterm year as one can see in the chart below.

Historically gold has tended to rally in september of election years perhaps on the back of fiscal stimulus and political uncertainty before reversing to trade lower through the presidential inauguration the following january. The chart shows price paths 5 days before and 10 days after the election day. Sebag added that political and macroeconomic uncertainty could add tailwinds to gold.

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. We ve compiled the data since 1992 a 28 year long period of time that contains of seven u s. The upshot of this analysis is that traders should avoid becoming too.