2735$ still a strong support zone.below 2735 expect a downfall.
If Donald Trump were to win the U.S. election, the potential impact on gold prices could unfold through several channels:
Market Volatility: Trump's policies, especially regarding trade and foreign relations, have historically introduced volatility to the markets. This unpredictability can drive demand for gold as a safe-haven asset.
Dollar Strength: Under Trump's administration, a focus on trade protectionism and "America First" policies led to fluctuations in the dollar. A weaker dollar typically supports gold prices, as gold becomes cheaper for buyers using other currencies.
Inflation Expectations: Trump's emphasis on fiscal spending, especially on infrastructure and tax cuts, could heighten inflation concerns if reintroduced. Rising inflation expectations often drive up gold prices as investors seek a hedge.
Interest Rates and Federal Reserve Policies: Trump previously supported low interest rates, which can benefit gold by making it more attractive compared to interest-bearing assets.
A sell zone on GOLD is visible below 2735.
Market Volatility: Trump's policies, especially regarding trade and foreign relations, have historically introduced volatility to the markets. This unpredictability can drive demand for gold as a safe-haven asset.
Dollar Strength: Under Trump's administration, a focus on trade protectionism and "America First" policies led to fluctuations in the dollar. A weaker dollar typically supports gold prices, as gold becomes cheaper for buyers using other currencies.
Inflation Expectations: Trump's emphasis on fiscal spending, especially on infrastructure and tax cuts, could heighten inflation concerns if reintroduced. Rising inflation expectations often drive up gold prices as investors seek a hedge.
Interest Rates and Federal Reserve Policies: Trump previously supported low interest rates, which can benefit gold by making it more attractive compared to interest-bearing assets.
A sell zone on GOLD is visible below 2735.
Penafian
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