Us Elections Gold Price, Gold Price Preview October 19 October 23

And ended at 1530oz a difference of more than 18.

Presidential elections betting markets. But in 2019 as the presidential election drew closer the price of gold took off. Gold futures gained 08 to 190750. Again no clear pattern emerges.

But things are never this simple. Presidential results prompted investors to seek the refuge of the safe haven metal. Both gold and silver today saw a retreat on the back of strengthening dollar with international prices falling by almost 1 per cent in the case of former.

The stock market has already seen an unprecedented rally this year mainly spurred on by mass government stimulus. 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. Gold prices drop as investors await us election results spot gold was down 01 at 189252 per ounce by 0353 gmt.

Precious metals outlook 2020. The price of gold from the election day 100. Bullion prices have pulled back from the record set in august as investors track the us contest.

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. Gold bars and coins are stacked in the safe deposit boxes room of the pro aurum gold house in munich germany. For example after the elections in 1972 gold continued for a week its downward trend which started a few weeks before reaching a bottom before it.

Spot gold rose 06 at 190683 per ounce by 1149 am. 2020 gold price forecast and gold stocks. Gold prices thirty trading days before and after us.

2020 gold price forecast gold stocks to watch. Get more commodities news and business news on zee business. Gold prices climb ahead of us elections.

The us elections results are still not clear and the uncertainty on who would be the eventual winner will put the prices of bullion on tenterhooks he said. In the non election years 2017 and 2018 the price of gold remained fairly steady. Ceos analysts on gold silver and platinum.

Last year the price started at around 1290oz. Gold futures were little changed at 189200 per ounce. 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. Presidential elections in the 1990s and 2000s index. When donald trump won the 2016 election the price of gold fell and stocks rallied so it stands to reason that if he loses in 2020 there will be a stock market crash propelling the price of gold.