Gold Price Breaks Above 'Psychological' $1900 Ahead of Election 2020 Result

Gold Price Breaks Above ‘Psychological’ $1900 Ahead of Election 2020 Result

GOLD PRICES broke above $1900 per ounce in London trade Tuesday, joining silver and platinum in erasing the last week’s drop ahead of tonight’s initial results from the hotly-contested and highly fractious US elections.

Breaching what several analysts called that "psychological topside" by $7 as New York opened for business, the yellow metal has now risen 42.7% from gold’s price spike when Trump won the White House on 9 November 2016, beating Hillary Clinton.

Silver prices today regained the $24.30 mark, a 7-year high when first reached in July and 27.9% above Election 2016’s top.

Platinum meantime showed a loss of 14.2% from 4 years ago, reaching $833 as China’s Communist dictatorship announced its new 5-year plan for the world’s 2nd largest economy, aiming for new energy vehicles (NEVs) – led by electric but including hydrogen-powered engines, which use platinum as a catalyst in their fuel cells – to account for […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
Do
  • 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!

Comments

No comments yet