Election outcomes for gold price: from a slow grind higher to an explosive rally

Election outcomes for gold price: from a slow grind higher to an explosive rally

Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) With the U.S. election just one week away, volatility is rocking the financial markets, except for the gold sector, in which investors remain very cautious ahead of the big event.

There are four main scenarios investors are preparing for come election day — a Democratic sweep, a Trump win, a split Congress, or a contested election.

All of the above are likely to trigger higher gold prices in the long-term, but one might set off an "explosive" rally while others are likely to lead to a "slow grind higher," according to Pepperstone head of research Chris Weston.

"Longer-term, all roads lead to higher gold prices," Weston told Kitco News on Friday. Blue wave The most explosive scenario for gold would […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet