Us Election Gold Price, Vgqb1ryfiqekam

After dropping to a two month low this week gold could climb back above 2000 an ounce and hit new record highs before the year end as the us.

General election betting odds. Last year the price started at around 1290oz. But in 2019 as the presidential election drew closer the price of gold took off. 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 youll have to consider how the us.

A weakening dollar the effect of the election on th. Gold prices spike on us election count as trump biden uncertainty whips financial markets wednesday 11042020 1328 gold prices whipsawed sharply wednesday morning almost erasing the weeks previous 2 gain before rallying back above 1910 per ounce as vote counting continued in 2020s hotly contested us presidential election. Sebag added that political and macroeconomic uncertainty could add tailwinds to gold.

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. This is causing volatility in the financial markets as the future price of currency commodities and stocks is uncertain. In the non election years 2017 and 2018 the price of gold remained fairly steady.

And ended at 1530oz a difference of more than 18. By the end of his first term the metal had climbed around 886 percent to us1685. More broadly the price action in gold and silver has seen consistent patterns in the months around us elections.

Gold futures were little changed at 189200 per ounce. The us presidential race is on and with less than a month until the 2020 election political tensions are running high. The price of gold from the election day 100.

Political landscape tax. When obama took office in january 2009 the price of gold was valued at just over us890. Election risk remains underpriced in the precious metals space according to a report published by citigroup inc.

At the beginning of august 2020 gold prices soared. Gold prices drop as investors await us election results spot gold was down 01 at 189252 per ounce by 0353 gmt. Gold prices thirty trading days before and after us.

Just last week the ceo of us global investors predicted that gold prices could reach an astounding 4000 due in part to rising money stimulus. Where could gold prices head before and after the 2020 election.