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Given the US's pivotal role in the global economy, coupled with the prevailing geopolitical uncertainties, the upcoming presidential election is viewed by many as a watershed moment with far-reaching implications. With recent events in the campaign trail increasing the level of uncertainty for an already divided US electorate, investors are asking about the effect of the election on gold - and this polarisation of the US electorate highlights the need for robust hedges in investor portfolios, a role that gold fulfils effectively.
In this article by the World Gold Council, we learn that elections have not, historically, had a significant or immediate effect on gold's performance but regardless of the winning candidate, near-term geopolitical risks remain high and may serve as a catalyst for gold.
Read the full article here for further insights.
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