Citi says gold might get bought off after the US election

Wall Avenue Journal convey the information from analysts at Citi:

• A win by Trump, who proposes tax cuts, would possible assist equities as a substitute of gold
• Gold fell by eight.2% within the month that adopted Trump’s 2016 victory
• Gold is held by some as a hedge in opposition to uncertainty, has tended to battle within the weeks following most U.S. elections because the 1980s

Citi nonetheless like shopping for dips:

• bull market stays intact
• anticipate costs to rise to $three,000/ozover the subsequent six months (weakening US labor market and rising ETF demand)

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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