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Is Donald Trump Behind This Year’s Rally in Gold? Maybe...
Donald Trump’s popularity might be the reason for the rise in gold prices since the start of the year. Join Kitco's Daniela Cambone and TheStreet's Scott Gamm as they discuss the potential correlation. The metal is up 20% year-to-date. Some analysts believe that Trump’s success in the presidential race is bringing about uncertainty. During uncertain times, investors flock towards gold, the ultimate safe-haven asset. On the flip side, the rise in gold may have more to do with the Federal Reserve’s recent indications that it won’t hike short-term interest rates so soon, amid global growth worries. (show less)
Donald Trump’s popularity might be the reason for the rise in gold prices since the start of the year. Join Kitco's Daniela Cambone and TheStreet's Scott Gamm as they discuss the potential correlation. The metal is up 20% year-to-date. Some analysts believe that Trump’s success in the presidential race is bringing about uncertainty. During uncertain times, investors flock towards gold, the ultimate safe-haven asset. On the flip side, the rise in gold may have more ... (read more)
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