Trump win likely to spark gold rally

MG News | November 04, 2024 at 01:02 PM GMT+05:00

0:00

November 04, 2024 (MLN): Gold will continue to rally if Republican presidential candidate Donald Trump wins the White House, but it will retreat if Vice President Kamala Harris takes over, according to a Bloomberg MLIV Pulse survey released last week.

The yellow metal is viewed as a Trump trade to hedge against any inflation from his proposed tariffs.

Gold was also picked as the best haven play in case of a Trump win in an earlier Pulse survey. Respondents said Harris would put pressure on gold prices, with other survey results suggesting the Democrat candidate is seen as less inflationary.

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BITCOIN FUTURES	116,060.00	117,125.00 115,725.00	-1375.00 -1.17%
BRENT CRUDE	71.83	71.85 71.68	0.13 0.18%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
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USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	69.38	69.46 69.20	0.12 0.17%
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