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 futures turned lower Monday, trading below the psychologically important $1,500 an ounce as other commodities lost ground and the dollar rose.
Gold for August delivery GC1Q -0.11% declined $2.80, or 0.2%, to $1,498.10 an ounce on the Comex division of the New York Mercantile Exchange. The metal had moved higher for most of electronic trading.
