Will Us Election Affect Gold Price

The spot gold market is trading very close to 24 hours a day as there is almost always a location somewhere in the world that is actively taking orders for gold transactions. Transactions for bullion coins are almost always priced using the spot price as a basis. 4 all else being equal a stronger u s.

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Will us election affect gold price. Dollar and gold is important the dollar is not the only factor that affects the price of the prized metal. The inflation adjusted price of gold has risen while the real interest rate on 10 year treasury notes has fallen. Election trade tensions between the u s.

Raised its 18 month gold price target to 3 000 an ounce more than 50 above the existing price record in a report titled the fed can t print gold. Against this backdrop we estimate that the current equilibrium price of gold is around 2 500 per ounce. And china and the pending impeachment trial of president donald trump could also act as catalysts for movements in the price of gold.

While the relationship between the value of the u s. Dollar tends to keep the. An even greater influence on bitcoin than the us elections however as krüger also noted a further economic stimulus package could have an even greater impact on the bitcoin price.

The continuous trend of a falling dollar and a stagnating stock market could boost sentiment around bitcoin and gold in the long run. Although gold prices are now up since trump s election win and inauguration silver has trended lower and coin and bar demand remains soft compared to the heady years under president obama. This price is well above the current 1 800 per ounce offering quite some upward price potential for the long term oriented investor.

This relationship makes sense. However one cannot say with any degree of precision when the market will push the gold price. Interest rates also affect the price of gold.

Gold does not yield interest in itself. The price of gold is generally inversely related to the value of the united states dollar because the metal is dollar denominated. More recently the opposite has been happening.