Here Is How to Trade Gold in a Presidential Election Week
If history is any judge, gold prices rise in an election week.
If history is any judge, gold prices rise during a presidential election week. FactSet data showed a 2.9% rise in prices during the week of the 2012 election; 1% in 2008 and 1.5% in 2004. Experts tell Kitco News editor-in-chief Daniela Cambone that gold prices could surge past $1,400 following a Donald Trump victory and retract to $1,250 should Hillary Clinton win. Prices for the metal stand at roughly $1,300 an ounce. Plus, experts say the Fed's looming rate hike is already priced into current prices. TheStreet's Scott Gamm has details from Wall Street.
This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.
