RBC says gold should get a boost from possible post-election turmoil
Analysts at Royal Bank of Canada are advising investors to prepare for extended US election uncertaintyAnd that the price of gold may benefit from post-election turmoil if there’s no clear winner announced on election night
- a scenario of extended uncertainty given the record number of mail-in ballots
- these cannot be counted in a number of battleground states until Election Day
“The possibility of post-election turmoil and a contested outcome represents a significant risk in our view, and one that could prove quite gold-positive in the most extreme scenarios”
Gold has already gained $10 from its lows earlier in the session - as I posts though its a couple of dollars off that high.