Price Of Gold Election

President trump s resurgence in the national polls appears to have capped gold prices.

Price of gold election. The effect of the election on the price of gold is a topic of passionate debate. But in 2019 as the presidential election drew closer the price of gold took off. The results of election 1976 to 2012.

A high dollar value means a lower price for gold while a weaker dollar means a higher price for gold. Goldprice org provides you with fast loading charts of the current gold price per ounce gram and kilogram in 160 major currencies. We provide you with timely and accurate silver and gold price commentary gold price history charts for the past 1 days 3 days 30 days 60 days 1 2 5 10 15 20 30 and up to 43 years.

This is what would happen to gold prices if trump loses election. 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. More broadly the price action in gold and silver has seen consistent patterns in the months around us elections.

It s generally understood that the value of the us dollar correlates with the price of gold. Kitco news thursday october 03 2019 19 07. 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.

Get caught up in minutes with our speedy summary of today s must read news stories and expert opinions that moved the precious metals and financial markets. Following the 2020 election mcglone sees gold s 2 000 an ounce level transition from resistance to support. The metal is currently resuming the bull market that started 20 years ago he said.

Last year the price started at around 1 290 oz. Gold prices xau usd us presidential elections blue wave congress talking points. I view gold similarly to 2001 when the gold bull market got started.