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Updated 13:18 01/03/21

Gold should rise as U.S. election turns into a farce

By Duncan Richardson, News Editor

11 Oct 2016

Love him or hate him, but you can’t deny Donald Trump has caused a political earthquake. Clinton and Trump have divided a nation and regardless which candidate wins the presidency on the 8th of November America’s economic and social problems will remain.

Market insiders believe a Trump victory will result in extreme market volatility with a run to safe havens such as U.S. Treasury’s and gold. John Ing President of Maison Placements in Canada is predicting an immediate $100 swing to the upside in the price of gold should Trump prevail. Ing believes the U.S. election result is still in the balance despite recent polls indicating a clear win for Hilary Clinton.

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