That’s right! GOLD is the real winner! Let me explain:
Gold prices have enjoyed a hefty climb so far this year as the market continues to guess the pace and timing of the next U.S. interest-rate hike, but the battle for the U.S. presidency is set to take center stage as Election Day nears.
And it doesn’t matter if Republican Party nominee Donald Trump or Democratic Party nominee Hillary Clinton moves on to be the next president of the United States—gold is likely to come out a winner
Gold futures climbed Wednesday as growing uncertainty surrounding the U.S. presidential election as well as weakness in the U.S. dollar and equities lifted the metal to its highest finish in a month. Since the Jobs report turned out sluggish than expected, The Federal Reserve is now being held off until December to raise interest rates which will affect gold prices.
Gold turned choppy after pushing back above $1300 on Wednesday for the first time since early-October. The yellow metal corrected back to 1284.80 in Europe, where renewed buying interest surfaced. Gold is now back above $1300, nearly $20 off the intraday low.
Then of course there is the U.S. presidential election coming up on Tuesday. The recent rebound in the gold price has been attributed to the tightening in the polls, as renewed uncertainty drives demand for the ultimate of safe-havens.
“We expect that both the presidential and congressional elections results will be supportive of gold regardless of the outcome, given the high uncertainty in the direction of policy and the possibility that the results may be contested,” said the World Gold Council. They went on to add the following: “In our view, rising nationalist movements and political uncertainty around the world, as well as the prevalence ineffective monetary policies, make gold a valuable hedge and key component to investment portfolios long term.”
Monday Nov7, 2016
After FBI Comey makes his announcement that he will not look to indict Clinton, the stock market went crazy! Gold prices plummeted instantly! If you think that the Headline News has no impact on the market- you will be so surprised