Gold Prices During Election Years

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.

Gold prices during election years. For example after the elections in 1972 gold continued for a week its downward trend which started a few weeks before reaching a bottom before it rallied later. While his first four years benefited the metal greatly obama s second term proved more volatile. Gold slipped from the us 1 685 level in 2013 to approximately us 1 195 in 2017 a 28 9 percent.

Their estimates are hopeful that. But in 2019 as the presidential election drew closer the price of gold took off. Bush won re election in november 2004 gold was trading at a mere 450 oz.

In fact the price is on a rise. Last year the price started at around 1 290 oz. Recall that when george w.

Where could gold prices head before and after the 2020 election. 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 bump upwards after the election is over. Again no clear pattern emerges.

These factors underlie the reason many analysts expect a bumpy ride during election years but also make it a popular time to buy gold. 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. Experts maintain that regardless of who wins the 2016 presidential election gold investors will reap a handsome return on their investment into the precious metal.

The money metal went on to hit a record 1 000 oz in early 2008. Presidential elections in the 1990s and 2000s index. Gold prices thirty trading days before and after u s.