The impact of Trump's election on Forex gold was significant. Immediately after his win, gold prices took a 3% hit, falling from all-time highs above $2,700 to trade in the $2,660 range ¹. This decline was largely influenced by the effect of Trump's win on bonds and the dollar, as market watchers prepared for policies that would likely increase deficits and fuel inflation. Historically, gold prices have climbed significantly under both Trump and Biden administrations. During Trump's presidency, gold rose from $1,209 to $1,839, while under Biden, it increased from $1,871 to $2,665 ¹. However, it's essential to note that these gains can't be directly attributed to the presidents' actions, as global events and economic factors also played a role. Key Factors Influencing Gold Prices: - Interest Rates: Changes in interest rates impact gold prices. Trump's policies, including tariffs and tax cuts, contributed to inflationary pressures, which can weaken the dollar and boost gold prices ¹. - Geopolitical Tensions: Trade disputes, particularly with China, and geopolitical tensions create uncertainty, negatively impacting the dollar's value and driving gold prices up ¹. - Global Economic Trends: Economic recovery, inflation, and stimulus efforts also influence gold prices ¹. Potential Impact of Trump's Re-Election: - Increased protectionist policies, including tariffs, could lead to higher inflation and a weaker dollar, potentially boosting gold prices. - Continued tensions with China and other trade partners could maintain or increase gold prices.