Prediction: Gold Will Keep Ripping Regardless of Who Wins the U.S. Presidential Election

31.10.24 11:15 Uhr

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Gold has ripped this year and is enjoying its best run since 1979. The SPDR Gold Trust (NYSEMKT: GLD) is up more than 32% and is beating the broader market's bull run. Gold has likely benefited from geopolitical tensions in Ukraine and the Middle East, which have created much uncertainty.Gold can also serve as a hedge against inflation. But I also think the looming U.S. presidential election and the country's finances could have something to do with gold's ascent. Whether Vice President Kamala Harris or former President Donald Trump triumphs on Nov. 5, I predict gold will continue its impressive run.Here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

Quelle: MotleyFool

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