RE:Trump or Harris better for PM? Neither Trump nor Harris can influence this development.
https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/gold-price-trump-re-elected/
Kamala Harris Progressive Policies: Harris might support more expansive fiscal policies, including increased government spending on social programs. This could raise inflation expectations and, in turn, increase demand for gold and silver as hedges against inflation.
Regulatory Environment: A more regulatory approach could lead to greater market uncertainty, prompting investors to seek the stability of precious metals.
If economic uncertainty or inflation is heightened under either candidate, demand for gold and silver will rise. Generally, Harris’s policies might lead to a greater demand for these metals if they provoke inflationary concerns and green energy plans, while Trump's approach could lead to fluctuations depending on how the market responds to his business-friendly agenda. Ultimately, it depends on the broader economic context and investor sentiment at the time.
Imo other factors are more important.
The forecasted global silver demand for 2024 is an impressive 1.2 billion ounces, potentially the second-highest
level ever recorded. This growth is primarily driven by strong
industrial and the a bigger growing middle class worldwide for physical demand for both silver and gold.
The biggest triggers are:
-War/geopolitical tensions and an uncertain global economic environment
-Read more at:
https://www.goodreturns.in/news/gold-silver-price-outlook-more-rate-cuts-by-fed-in-2024-2025-to-make-precious-metals-biggest-winner-1378335.html -BRICS, de-dollarization: New digital currency, gold, and Bitcoin
-Increased global inflation / hedge against inflation by end consumers and various industries
-https://www.sprott.com/insights/silver-s-critical-role-in-the-clean-energy-transition/ Silver's Critical Role in the Clean Energy Transition https://www.bullionvault.com/gold-news/gold-price-news/gold-real-record-brics-new-world-order-102220242