lucky43113

Gold reaction to US mid term elections

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
I think if the Republicans win the majority of the mid term election races gold could take a short term dip close to the 1200 dollar range. Now if the democrats manage to win the gold should spike. My reasons are with Democrats holding a majority the out look on the economy will be more uncertain and investors may pile into gold as a safe haven. Now if Republicans keep and or gain more seats prices may dip due to investors not having that uncertain fear before things level off and continue as normal, well as normal as the gold market can be. TVC:GOLD

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