What will happen on gold if Trump wins the 2024 US election?

[Zerologic]

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.

 

[Zerologic]

The US election takes place today. However, ahead election, the USD skids and there is uncertainty. Even though there has been no official announcement of the election results, polls conducted in the US claim that Harris will be the winner. Harris polled 49% while Trump polled 48%. However, in the same survey, Trump was ahead in several states where the winner was not yet clear.

According to the editor-in-chief of the New York Times, Ruth Igelnik, there are seven states that are likely to determine the results of the 2024 US Election, namely Pennsylvania, Wisconsin, Michigan, North Carolina, Georgia, Nevada, and Arizona.

 

[MonicaGong]

The US election takes place today. However, ahead election, the USD skids and there is uncertainty. Even though there has been no official announcement of the election results, polls conducted in the US claim that Harris will be the winner. Harris polled 49% while Trump polled 48%. However, in the same survey, Trump was ahead in several states where the winner was not yet clear.

According to the editor-in-chief of the New York Times, Ruth Igelnik, there are seven states that are likely to determine the results of the 2024 US Election, namely Pennsylvania, Wisconsin, Michigan, North Carolina, Georgia, Nevada, and Arizona.

Just saw this, we are back with Trump!

 

[Zerologic]

Just saw this, we are back with Trump!

Trump's policies tend to be protectionist, such as import tariffs which could trigger a trade war. Global economic and geopolitical uncertainty concerns may be good for gold.

 

[MonicaGong]

Trump's policies tend to be protectionist, such as import tariffs which could trigger a trade war. Global economic and geopolitical uncertainty concerns may be good for gold.

I agree. I think once the war eases up, gold would not be much attractive being the safe haven.. what do you think?