Us Election And Gold Price, Cb 0pmprtt4i7m

Gold futures were little changed at 189200 per ounce.

Mi senate election 2020. This has left many investors wondering whether or not to buy the yellow metal. Gold prices drop as investors await us election results spot gold was down 01 at 189252 per ounce by 0353 gmt. The us presidential election has a historical tendency to influence financial markets as a change in leadership often brings a shift in fiscal policy.

And ended at 1530oz a difference of more than 18. This is causing volatility in the financial markets as the future price of currency commodities and stocks is uncertain. For the price of gold there has been greater.

Last year the price started at around 1290oz. 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. When obama took office in january 2009 the price of gold was valued at just over us890.

As election day approaches uncertainty around the path of the pandemic and associated government stimulus programs continues to increase the value. This year gold prices have surged to record highs not seen since september 2011. At the beginning of august 2020 gold prices soared.

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. But in 2019 as the presidential election drew closer the price of gold took off. By the end of his first term the metal had climbed around 886 percent to us1685.

Where could gold prices head before and after the 2020 election. Election risk remains underpriced in the precious metals space according to a report published by citigroup inc. The us presidential race is on and with less than a month until the 2020 election political tensions are running high.