Trump Win Adds Another Bullish Signal for Gold

The global political and economic environment was bullish for gold before the election and is even more so in the wake of Trump's victory, said Juan Carlos Artigas, global head of investment research for World Gold Council. "Gold is the only de-facto currency that cannot be debased by printing more of it, and the only one that does not carry political risk," said Artigas. "There is a reason why gold has outperformed every major currency throughout history." Gold (GLD) - Get Report is up about 19% year-to-date. Total global investment demand for gold rose 44% in the third quarter to 336 tons, with exchange trade product inflows accounting for 146 tons, as investors continued to build up their strategic allocations. In addition, negative interest rates - a theme ever present this year - continued to underpin institutional demand.