Us Election Gold Price

The us presidential race is on and with less than a month until the 2020 election political tensions are running high.

Us election gold price. Gold futures were little changed at 1 892 00 per ounce. Gold prices spike on us election count as trump biden uncertainty whips financial markets. This is causing volatility in the financial markets as the future price of currency commodities and stocks is uncertain.

Last year the price started at around 1 290 oz. Just last week the ceo of us global investors predicted that gold prices could reach an astounding 4 000 due in part to rising money stimulus. This doesn t appear to be the case at present however.

Gold prices drop as investors await us election results spot gold was down 0 1 at 1 892 52 per ounce by 0353 gmt. A close look at historical gold price movements in the aftermath of previous u s. 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.

The approaching 2020 us presidential election looks set to be one of the most polarized in recent history. More broadly the price action in gold and silver has seen consistent patterns in the months around us elections. Since gold s price peak in august the market has stayed volatile but between 1 400 1 500 per ounce.

Presidential elections suggests little evidence of a clear relationship between the gold price and the election outcome based on party affiliation. And ended at 1 530 oz a difference of more than 18. A weakening dollar the effect of the election on the price of gold is a.

According to german refiners heraeus gold typically rallies in the run up to an american election and then trades lower afterwards. But in 2019 as the presidential election drew closer the price of gold took off. Will gold prices drop in 2020.