You may or may not be aware of a little election taking place tomorrow. The last saw a wild whipsawing of markets including gold. Whilst that was a ‘shock’ win, with the majority now believing Biden will win this time, there is a very real risk of Trump bringing home another shock win. That means the market has likely priced in one scenario when another is very possible. There is also the issue of a protracted legal battle and/or broadscale civil unrest and further social dislocation. This election, maybe more than the last, could see heightened volatility in markets as the news unfolds. We discuss the implications including what each potential administration may mean for gold.
