Tue, Oct 27, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Bullion/Gold, Commentaries, People, Price Watch more

Trump win in US election could push gold price to $1,400/oz

Posted on 09 November 2016

A Donald Trump win in the US presidential election – the result is due in a few hours – would be decidedly bullish for gold and could push gold prices to up to $1,400 per oz, analysts said. Hillary Clinton’s policies are also bullish for gold, some noted, but not nearly to the same extent of Trump’s, they said.
Polls to elect the 45th US President will close between 12am and 6am GMT. Factors such as economic data, comments for the US central bank, physical demand, purchases by central banks and economic and political developments outside the US “may mean little for gold until well after the US elections”, HSBC analyst James Steel said…………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
October 2020
S M T W T F S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031