Will the US election affect the price of gold?Is part of the reason for the gold run the uncertainty in that election?
If it is close, we won't know the results for days.
Depending on who wins.... will that affect peoples opinions on the chances of ending the wars in the middle east and ukraine? If they feel the wars could lessen, would that drop the price of gold? If they think the wars will continue, or even get bigger, would that increase the price of gold?
Trump, the majority say would be better for the us economy. So if he wins, would that strengthen the us dollar, and hence decrease the price of gold?
Either could win, and I don't give an opinion on my preference.
If it is very close like the us elections normally are, will their be chaos in the streets if Harris shows being ahead by a small margin. until all the mail in ballots from abroad and ballots of people who voted early are counted?
If the election results are clear and undebatable, I expect a pullback in the price of gold, at least temporarily. If there is fighting over who won, i think the price will go up while that is happening.
Who knows...we will soon find out. But one way or another I think this election in the US will have an effect on the price of gold.
GLTA