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For example, during the 2016 election, the price of gold and silver previously fell due to the strength of the US dollar. However, after Obama was elected president, it gradually stabilized and returned to an upward trajectory in the middle of the month. The logic behind this is that Obama In order to save the U.S. economy, the Federal Reserve was pressured to launch a series of active monetary policies including Q.
So what impact will this US presidential election have on the precious metals market? Similarly, we can understand the impact on the market from the political philosophy and personal preferences of each candidate.
For example, if Trump, the current popular Republican candidate, is elected president, some analysts believe that a currency war may break out between the United States and its trading partners. Trump has also publicly stated that he will impose tariffs on competing countries. This will intensify global trade disputes.
dMh senior trader dz believes that if Trump is elected president of the United States, it will be good for gold, because his election will open the door to free market regulation, and policies may be relaxed at that time, which will drive up the price of gold.
However, senior traders pointed out that for gold, the best candidate may be Democratic Party Hillary Clinton.
Said: After Hillary becomes Secretary of State, Ukraine, Libya, Iraq and Syria will all be in chaos, and the unstable situation will push the price of gold higher.
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