AGE's Gold Commentary

AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.

11/18/2024: Trump trade pressures gold

Source:

Greetings!

Donald Trump’s stunning re-election has provoked sharp moves in markets worldwide. The anticipation of tax cuts, broad tariffs, aggressive deregulation, and perhaps an end to the conflict in Ukraine, all are causing shifts in risk appetite and interest rate expectations that are affecting most asset classes.

The dollar has spiked higher while US Treasury yields, equity markets, and crypto have also surged. Meanwhile, gold and silver sold off sharply from their early November highs, creating an unexpected buying opportunity. The big question is, will this opportunity get even better? Or are we starting to see the end of the knee-jerk market movements we’ve witnessed so far?

In this edition of AGE Gold Commentary, we’ll review the factors underpinning gold’s 2024 surge to all-time highs to see how the Trump presidency might fundamentally change or reinforce these drivers. We’ll also look at how gold and silver reacted to Trump’s 2016 win, and put those market moves into perspective for today. And of course we’ll review the latest charts for the dollar, yields, gold, and silver.

So please join me for an important first look at what this landmark election has in store for your hard asset portfolio.

You can also view this video on the AGE YouTube channel, which includes a transcript.

Sincerely,

Dana Samuelson
President