Gold Selloff to Accelerate With Less Than a Week Until Election Day?

Gold Selloff to Accelerate With Less Than a Week Until Election Day?

2020 Election, Gold Price Analysis, 2020 Polls, Biden-Trump Spread – Talking Points

6 DAYS UNTIL THE US PRESIDENTIAL ELECTION

It is less than a week to go until the US presidential election. Market volatility has been picking up, but that appears to be less the function of politically-related factors and more the jump in Covid-19 cases; more on that later. For now, betting odds and polling data from various agencies have Democratic nominee Joe Biden in the lead while incumbent President Donald Trump lags behind. Having said that, investors should be careful not to get too comfortable with polling data after the 2016 election resulted in the unexpected victory of Mr. Trump. Mail-in votes have primarily come from Democrats, who as a group are more likely to cast the ballot this way than their Republican counterparts. This statistical phenomenon came from the findings of a poll conducted by NBCLX/YouGov […]

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