US Election Aftermath: Why gold prices may see short-term correction; A look at bullion trends across Presidential terms
4 months, 2 weeks ago

US Election Aftermath: Why gold prices may see short-term correction; A look at bullion trends across Presidential terms

Live Mint  

Gold prices in India extended decline on Thursday, mirroring global weakness in the yellow metal after Republican Donald Trump’s 2024 US election victory triggered a sharp correction. A spike in US dollar after Trump’s election win, expectations of a slower interest rate cut trajectory by the US Federal Reserve, easing geopolitical tensions in the Middle East and year-end profit booking have all contributed to the correction in gold prices,” said Ajay Kedia, Director, Kedia Advisory. Gold price returns under different US Presidents Historical trends indicate that gold prices typically experience a short-term correction following US election results but tend to rally in the long term. Source: Kedia Advisory The above table shows data compiled by Kedia Advisory, illustrating the historical movement of gold prices since 2000 across US presidential terms.

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