Forget, Trump and Clinton, gold could be the real winner

Gold will win US election

• Gold could rise to at least 8% following election
• Trump victory will push gold up 10%
• Uncertainty pre and post election likely to support the gold price
• Election jitters are one of several drivers for the gold price
• Trump win will release a ‘wave of risk aversion’
• Safe-haven demand maybe set to rise in coming weeks

To the relief of some but the worry of many others the US election is now just days away. Unlike past elections this one appears to grown more uncertain and fraught the closer it gets.

Since the FBI announced further investigations into emails associated with Hillary Clinton, her lead has narrowed and voters appear to be even more undecided.

For some the decision is a fate worse than death, as Reuters reported, ‘Young Americans are so dissatisfied with their choices in this presidential election that nearly one in four told an opinion poll they would rather have a giant meteor destroy the Earth than see Donald Trump or Hillary Clinton in the White House.’

There appears to be one winner amongst all this though, gold. Regardless of who will enter the White House in January, the gold price is set to perform well in both the short and long-term.

Gold price to climb no matter who wins

The news of the gold price’s positive run surrounding the elections made headlines this week when HSBC analyst  James Steel published a note stating gold would climb 8% no matter who wins. Read full story here…