Gold Price Us Presidential Election

The 2020 presidential election has been a tumultuous one.

Gold price us presidential election. Interestingly the shiny metal rebounded just after november 6 exactly on the election day. Within 4 years of the november 2016 election gold gained 84 49 as trump gets president. By the end of his first term the metal had climbed around 88 6 percent to us 1 685.

Historically gold has tended to rally in september of election years perhaps on the back of fiscal stimulus and political uncertainty before reversing to trade lower through the presidential inauguration the following january. The price of gold increased in september but started to decline around one month before the elections. Prices rebounded after 26 days of election later entering the bull.

In the non election years 2017 and 2018 the price of gold remained fairly steady. Gold price setup ahead of us presidential election swing state outlook 2020 11 04 00 00 00 dimitri zabelin analyst 2020 election analysis 2020 polls biden trump spread talking points. Gold s inverse relationship with the us dollar could see the precious metal continue to track lower in the near term given that the.

We 039 ve compiled the data since 1992 a 28 year long period with seven u s. Where could gold prices head before and after the 2020 election. Last year the price started at around 1 290 oz.

With gold prices hovering between 1 900 oz. Gold after trump obama bush clinton and more. And ended at 1 530 oz a difference of more than 18.

But in 2019 as the presidential election drew closer the price of gold took off. When obama took office in january 2009 the price of gold was valued at just over us 890. The price of gold at the time of the 2012 u s.