Us Election Vs Gold Price

Spot gold was flat at 1 877 01 per ounce by 1028 gmt 3 58 pm in india.

Us election vs gold price. Gold slipped from the us 1 685 level in 2013 to approximately us 1 195 in 2017 a 28 9 percent. Over that same period silver advanced from under 8 oz to over 20 oz. This behavior would suggest that elections are detrimental for the price of gold if not for one small thing.

We ve compiled the data since 1992 a 28 year long period of time that contains of seven u s. 21 33 hindustan times latest news. The monthly average returns of gold in novembers overall in election years and non election years since 1971.

The chart shows price paths 5 days before and 10 days after the election day. Importantly precious metals vastly outperformed the stock market through the four years of bush ii s second term. Gold has traditionally been regarded as a safe haven in challenging economic times and therefore if there is a positive outlook just prior to an election it is a predictable consequence that the gold price would come under pressure.

If you begin to consider that trump will not win this election and if you look at some of the people on the other side like an elizabeth warren who i personally think may win this election you ll have to consider how the u s. On the contrary the second year of the presidency is the best for the price of gold as the shiny metal rallies 12 89 percent on average. 22 07 the economic times market.

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. Xau usd s 4h chart signals caution amid stimulus hopes ahead of fed. Indian spot gold rate and silver price on dec 14 2020.

Political maneuvering can be responsible for gold price volatility just as much as economic conditions influenced by other factors. In 1971 2015 period gold lost in election years 0 04 percent on average during that month while gaining only 0 07 in non election years and 0 04 percent overall. Gold was stronger in non election years in 9 of 12 calendar months.