Presidential Election Gold Price
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The data also shows that on average the price of gold falls 1 25 percent in october november but rebounds in november december 1 01 percent just to decrease 1 66 again in december january.
Presidential election gold price. And ended at 1 530 oz a difference of more than 18. 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. Gold continues to fluctuate following september s decline off august 7 record high at 2 089 20 to around 1 850.
The yellow metal has been bouncing from the support level marked by mid august. The approaching 2020 us presidential election looks set to be one of the most polarized in recent history. This pattern was clearly seen in the last u s.
But in 2019 as the presidential election drew closer the price of gold took off. Within 4 years of the november 2016 election gold gained 84 49 as trump gets president. 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.
Last year the price started at around 1 290 oz. As both candidates vie for the white house in this high stakes vote looking past the. Prices rebounded after 26 days of election later entering the bull.
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