Hedgeye Guest Contributor Gold Why Economic Reality Trumps Election "the outcome of the 2016 us presidential election has sent shockwaves through global financial markets," writes hedgeye guest contributor stefan wieler of goldmoney insights. "gold largely reversed its 4% overnight rally and is now back to pre election levels [however] all the drivers for the gold price still remain skewed to the upside.". The obvious theme last week was that donald trump’s election victory never materialized into the market armageddon that was widely anticipated. the macro movements in the market were stunning to say the least. the bond market had its worst week since 2013, and its second worst week since 2009.
Hedgeye Guest Contributor Gold Why Economic Reality Trumps Election The election outcome will significantly impact the gold (xau) market, with key economic and geopolitical factors in the balance. gold trades at historic highs, peaking at $2,790 on october 31, 2024. Former president donald trump has his own economic record to stand on from his time in office and it is one that was marked by a huge tax cut, deregulation of industry and trade wars with economic. The 2024 presidential election will give voters a stark choice between harris and trump. see where they stand on issues like taxes, evs, climate change, tiktok and more. ie 11 is not supported. Updated with additional promises, oct. 29, 2024. former president donald trump’s policy agenda for a potential second term resurrects some familiar proposals from his first, but it would go.
Hedgeye Guest Contributor Gold Why Economic Reality Trumps Election The 2024 presidential election will give voters a stark choice between harris and trump. see where they stand on issues like taxes, evs, climate change, tiktok and more. ie 11 is not supported. Updated with additional promises, oct. 29, 2024. former president donald trump’s policy agenda for a potential second term resurrects some familiar proposals from his first, but it would go. The gold price also swung violently, up 4% overnight and nearly back to flat at the time of writing. for many gold commentators that would cite fear and greed as the main drivers of gold price changes, this must be surprising. just 24 hours earlier, the market was convinced that now president elect trump had no chance at winning this election. Yesterday’s sell off in gold has led to concerns that the >20% year to date rally in gold prices could begin to reverse. in our view this is primarily the reaction to renewed expectations that the fed is indeed prepared to raise rates again, which has led to large sell orders and pushed gold below a key technical level at usd1302 ozt.
Hedgeye Guest Contributor Gold Why Economic Reality Trumps Election The gold price also swung violently, up 4% overnight and nearly back to flat at the time of writing. for many gold commentators that would cite fear and greed as the main drivers of gold price changes, this must be surprising. just 24 hours earlier, the market was convinced that now president elect trump had no chance at winning this election. Yesterday’s sell off in gold has led to concerns that the >20% year to date rally in gold prices could begin to reverse. in our view this is primarily the reaction to renewed expectations that the fed is indeed prepared to raise rates again, which has led to large sell orders and pushed gold below a key technical level at usd1302 ozt.
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