Trump for president ! could bring anxiety to some markets ?
Trump for president !
Gold Sees Modest Gains Ahead Of Important Events This Week
Monday September 26, 2016 13:03
(Kitco News) -Gold prices ended the U.S. day session modestly higher Monday, supported by the key “outside markets” on this day: the U.S. dollar index was weaker and crude oil prices were solidly higher. The marketplace is awaiting some big news events this week, which could provide some bigger price movement in several markets. December Comex gold was last up $2.50 an ounce at $1,344.20. December Comex silver was last down $0.225 at $19.585 an ounce.
On deck Monday evening is the first U.S. presidential debate between Hillary Clinton and Donald Trump. Some speculate this will be the most-watched television debate ever. There is a sense outside of the U.S. that Trump is an unknown and potentially unpredictable, which could bring anxiety to some markets if it appears Trump has won the debate, or down the road appears to have a good chance to become the next U.S. president.Many reckon that markets worldwide will now start to pay much closer attention to the U.S. presidential race heading up to the early-November election.
Traders and investors will also closely watch this week’s OPEC oil cartel meeting in Algiers, wondering if OPEC will make any significant moves to reduce their collective crude oil output, or make an effort to forge an agreement with Russia to stabilize world oil prices. Crude oil’s daily price movements the past several weeks have been highly influential on other markets, including individual stocks.
Go Trump Go,, good for Gold !