GoBankingRates: How a Harris Win in the Election Could Affect Gold Prices
Article by Laura Beck in GoBankingRates
As the 2024 U.S. presidential election approaches, investors and analysts are closely monitoring how a potential Kamala Harris victory could impact financial markets, particularly the price of gold. While numerous factors influence gold prices, significant political changes often create ripple effects throughout the economy.
Here’s how a Harris win in the election could affect gold prices.
Market Uncertainty
Matthew Jones, precious metals analyst at Solomon Global, said that any major political shift will have an effect on financial markets, just by introducing an element of uncertainty.
“Uncertainty often leads to volatility, and both are known to be big price drivers for gold,” he said.
Jones noted that Harris’ proposed policies could lead to changes in government spending and regulatory approaches. Harris supports increased government spending on ......