Us Election 2020 Gold Price

As things stand former vice president joe biden has a lead in the polls over the incumbent president donald trump.

Us election 2020 gold price. By the end of his first term the metal had climbed around 88 6 percent to us 1 685. Jim wyckoff wednesday november 04 2020 07 55. Vale evacuates new caledonia mine after protests.

While there is no clear evidence of a linear relationship between the gold price and the election outcome one thing we are certain about is that the november elections will add a whole lot of uncertainty to these already troublesome times caused by the global pandemic. We explore these relationships and the possible impact on the gold market heading into election 2020. The us presidential election takes place in under a month on november 3rd and many investors are wondering what impact the vote will have on the gold price as well as other precious metals.

In the non election years 2017 and 2018 the price of gold remained fairly steady. Gold sees price pause us presidential election results awaited. Where could gold prices head before and after the 2020 election.

But in 2019 as the presidential election drew closer the price of gold took off. And ended at 1 530 oz a difference of more than 18. At the time of writing december comex gold futures were trading at 1 870 00 up 0 51 on the day.

This is causing volatility in the financial markets as the future price of currency commodities and stocks is uncertain. A record high in gold was set back in august when december futures climbed above 2 070 an ounce for the first time. While both trump and biden will likely benefit the price of gold experts are far more confident that a biden tenure would benefit silver prices.

2020 10 12t14 24 33 liam sheasby news editor 12 oct 2020 2 24 p m. The silver price and the green new deal. When obama took office in january 2009 the price of gold was valued at just over us 890.