2024-11-07 23:33
IndustryTrump's Election Impact on Gold Market:A Mixed Bag
The impact of Trump's election on the gold market is quite fascinating. Historically, gold tends to perform slightly below its long-term average around US presidential elections, but this isn't statistically significant ¹. However, during Trump's presidency, gold rose by 60%, with a 30% increase pre-COVID and another 30% during the pandemic ¹. This growth was largely driven by broader macroeconomic factors and central bank buying.
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Trump's Election Impact on Gold Market:A Mixed Bag
Nigeria | 2024-11-07 23:33The impact of Trump's election on the gold market is quite fascinating. Historically, gold tends to perform slightly below its long-term average around US presidential elections, but this isn't statistically significant ¹. However, during Trump's presidency, gold rose by 60%, with a 30% increase pre-COVID and another 30% during the pandemic ¹. This growth was largely driven by broader macroeconomic factors and central bank buying.
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