How Will Election Result Impact Gold, Oil, the Stock market and FOREX?

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There’s much debate and uncertainty surrounding the topic of how the gold price will be affected by the upcoming US presidential elections. If the results lead to a stronger dollar, that will mean a lower gold price, and a weaker dollar will mean a higher gold price. Election year is certainly causing a lot of volatility and investors are currently considering three possible scenarios for the gold price after Election Day.

In one of them, for an increase in the gold price, US Election Day will have to result in Biden becoming president, as many believe the dollar will drop. And on the contrary, for a declining gold price, Election Day will have to end with Trump being re-elected, which is said to lead to a stronger dollar. Election 2020 results may, however, have the exact opposite effect and that is what is adding even more tension to the market situation.

The oil price is just as dependent on the result of the elections as pretty much all other commodities. And according to Goldman Sachs, for us to expect an increase in oil price, US election will have to yield Biden as the new POTUS. But even if the opposite comes true, the investment banking giant expressed confidence in a bullish oil price – election results aside.

And how will the election affect the stock market? Watch the full video for our detailed stock market election years analysis and forecast for the stock market election 2020.

What did you think of our stock market/ election prediction? Let us know in the comment section below, and please give this video a thumbs up before you go! Subscribe to the Capital.com channel for further updates on the stock market election dynamic.

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