Zerologic
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The United States will hold presidential elections in 2024, two presidential candidates hope to be the winners, both Trump and Kamala Harris.
According to the latest USA Today/Suffolk poll, Harris leads by one point, currently at 50% versus 49%. The TIPP poll showed Trump leading by one point, while the Marquette poll showed them tied at 50%.
The election may not have a direct impact on gold, but the president-elect's policies on the US economy could influence gold prices in the future. From the campaign rally, Harris promised to lower taxes for low- and middle-income families and wants to support entrepreneurs and small businesses by offering tax breaks. Meanwhile, Trump will fight inflation by lowering energy costs through expanding deregulation of US oil and gas drilling. If the US economy improves and the USD currency strengthens it might weigh on gold, but short-term geopolitical risk factors still support gold as a safe-haven asset.
According to the latest USA Today/Suffolk poll, Harris leads by one point, currently at 50% versus 49%. The TIPP poll showed Trump leading by one point, while the Marquette poll showed them tied at 50%.
The election may not have a direct impact on gold, but the president-elect's policies on the US economy could influence gold prices in the future. From the campaign rally, Harris promised to lower taxes for low- and middle-income families and wants to support entrepreneurs and small businesses by offering tax breaks. Meanwhile, Trump will fight inflation by lowering energy costs through expanding deregulation of US oil and gas drilling. If the US economy improves and the USD currency strengthens it might weigh on gold, but short-term geopolitical risk factors still support gold as a safe-haven asset.
