Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Gold bullion prices set a new intraday record of $1,625 per ounce in Wednesday’s Asian trade – 1.5% up on Friday’s close – before easing back slightly after London opened.
Stocks and commodities fell but US Treasury bonds were up, as the US Congress had to postpone a vote on the $14.2 trillion debt ceiling.
Image of Johh Boehner, Speaker of the United States House of Representatives
