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 prices moved lower Wednesday as a weaker dollar stabilized, putting the yellow metal at risk of snapping a three-day win streak that had driven it to the highest level for July.
August gold edged down by $1.80, or 0.1%, to $1,240.10 an ounce, trading between $1,235.10 and $1,243.50. The contract settled at $1,241.90 on Tuesday—the highest since June 30, according to FactSet data. Analysts continued to eye support at the 200-day moving average around $1,230.
