Commerzbank Predicts Gold Price Movements Based on US Election Outcome
Commerzbank Predicts Gold Price Movements Based on US Election Outcome
Commerzbank predicts gold to trade around $2,740/ounce, slightly retreating from record highs.
If Donald Trump wins:
Gold prices likely to rise due to higher inflation expectations and concerns over the independence of the US Federal Reserve.
If Kamala Harris wins:
Gold could face downward pressure.
Gold is expected to benefit from the ongoing uncertainty as the election outcome may take days or weeks to resolve.
