← Back to All Videos

A-Mark Bullion Update

Blog Nov 8, 2016

A-Mark-Precious-Metals-Inc

Gold Prices During the 2016 Presidential Election

The most wild and unprecedented race in the history of US presidential elections finally comes to an end tonight.  The election was thrown into further chaos over the weekend when the FBI announced that it would no longer pursue a case against Hillary Clinton.  The news caused gold to gap $10 lower on the Sunday open from its closing price on Friday.  The combination of most polls indicating a Clinton win plus the FBI lifting its investigation into the Democratic candidate has translated into gold trending lower for the past two days.  The market has already indicated that it interprets a Clinton victory as bearish for gold while Trump winning the election would be bullish.  Given that the market is already pricing in a Clinton victory, I think a win for her has limited downside for gold.  However, a Trump surprise may lead to a gold rally akin to the one seen when the Brexit vote caught the market completely off guard.  Technical levels generally become irrelevant in the immediate wake of major political and/or economic events such as a US presidential election.  We’ll have to see where the dust settles tomorrow before attempting to determine key levels to gold prices  keep an eye on in the short term.  Good luck tonight!

See the latest gold prices

Secure Your Future With Gold & Silver

Access expert advice and transparent pricing—backed by decades of leadership in retirement protection.
Schedule Strategy Call

Sources & References In This Article

Similar Posts

Blog Jun 2, 2025

$100 Billion ‘Ghost Field’ Discovery Could Power America for 30,000 Years

Learn More
Blog May 19, 2025

ECB Sounds Alarm on Gold Surge – Fears Will Trigger Financial Collapse

Learn More
Blog May 14, 2025

The Economic ‘Storm’ Will Get Worse: Is the U.S. Headed for a Radical Reset?

Learn More
Blog May 5, 2025

Will U.S. Basel III Unleash Gold? BIS’ New Reset Plan

Learn More
Blog Apr 30, 2025

China ‘In a Panic’ to Start War, The U.S. is Preparing : Gordon Chang

Learn More
Blog Apr 29, 2025

O’Leary: Mark Carney Faces ‘Hell of a Time’ Fixing Trudeau’s Economy, Sees Early Election

Learn More
Blog Apr 28, 2025

No Gold? You’re Doomed In The Reset War

Learn More
Blog Apr 25, 2025

Fed’s Desperate Bid to Stop Gold Price – Why it Will Backfire

Learn More