Gold looks positive in uncertain election outcome

Uncertain Election Outcome and Uncertainty After Bodes Well For Gold

• Polls suggest Clinton to win but as with Brexit is chance of surprise
• PredictWise gives Clinton an 89% chance of becoming President-elect, giving just Trump just an 11% chance.
• Gold price may move about 1.8% to 4% if result is uncertain
• Demand for gold and silver is up this week by a factor of 25 percent
• Sales of American Eagle gold coins have climbed 23%
• Gold to benefit from ‘Punch and Judy’ election

Latest Punch and Judy U.S. Election – Image from Wikipedia

A lot of us were looking forward to today, it signals the last day of election-mania and we might all be able to get on with our lives, whatever that means under whoever wins.

The problem is, today might not be the last day of uncertainty. Trump has already said that he will keep us in suspense as to whether or not he will accept a Clinton win, this has been followed by many cries of ‘rigged’ from both Trump and his cohort. The other factor is that the election might be so close that it is too close to call and we see another Bush-Gore debacle.

Should there be an unclear winner tomorrow, or if Trump wins, then what will this mean for gold? Read full story here…