Welcome to Extreme Investor Network, where we provide you with unique insights and information on the stock market, trading, and all things Wall Street. Today, we want to talk about the upcoming 2024 U.S Presidential Election and how it will impact the Gold market.
Historically, U.S Elections have always been major macro trading events that have a significant impact on the Gold market. The political uncertainty and potential for shifting economic policies during an election year can create major fluctuations in the market.
As we look forward to the 2024 U.S Presidential Election, we can see that the lead up to the event has been nothing short of eventful. From two assassination attempts to a candidate switch, divisive rhetoric, and warnings about the fate of democracy, this election has certainly been one for the books.
One interesting development to note is the accusation against UK’s ruling Labour party of “foreign interference” and illegal foreign campaign contributions to Democratic presidential candidate Kamala Harris’ campaign. These types of revelations can have a ripple effect on the market dynamics leading up to the election.
The big question on everyone’s mind now is: How will a victory by either Donald Trump or Kamala Harris shape the market narrative for the rest of the year and beyond? Both candidates have proposed inflationary policies, which could have a bullish effect on Gold prices.
According to data from GSC Commodity Intelligence, if Kamala Harris were to win the presidency and implement her policies, she could potentially add $5.1 trillion to U.S debt, raising the debt-to-GDP ratio to 137%. This kind of impact on the economy could have far-reaching effects on the financial markets and create a unique trading opportunity for investors.
At Extreme Investor Network, we are dedicated to providing you with the latest market insights and analysis to help you navigate these uncertain times. Stay tuned for more updates and be sure to make informed investment decisions as we approach the 2024 U.S Presidential Election.