9 November, 2016
This week will be an interesting week in the markets and probably one of the most volatile weeks of the year.
Gold has risen over 20 percent in the run up to the US Presidential elections which is unusual as it has fallen before the past 4 elections.
The 2 candidates (Hilary Clinton and Donald Trump) have very different policies and whoever wins the election will affect the markets differently.
We expect gold will remain supported no matter who wins but if it is Trump a jump of around $200 in the gold price is expected as his wild policies are expected to bring a lot of uncertainty to the markets.
That being said, we believe that the latest polls putting Trump ahead are not correct and Clinton will win the election so trades should be placed according to this.
Oil will not be affected very much by the elections but we suspect it will fall as the deal to cut production from OPEC members will not happen on November 30.
This is to be expected as history shows that OPEC deals rarely come about.
So to sum up, the best trade up until the election will be to hold a long position in Gold as we believe it will go higher no matter which candidate wins with further gains expected after the election.
More analysts you can find on fibogroup.com.
After a horror 6 months the gold price has found much needed support over the last 4 weeks and is now sitting above the $1,200 mark and depending...
As widely expected, US President Donald Trump has slapped another $200 billion worth of tariffs on Chinese goods which has caused a lift in the US dollar today against the major...
The US China trade war has now come to the top of the headlines again with US President Donald Trump keen to go ahead with an extra $200 billion...
Just when we thought that a deal between the European Union and Great Britain was in the making and thus avoiding a hard Brexit, another spanner...
The British pound has surged back through the $1.30 mark after progress made today on Brexit negotiations raised speculation that a deal...
The oil price had a rough time last week, hitting its lowest level since join after a report by the energy watchdog showed rising inventories which raises concerns over global growth...
The last 2 months has been extremely painful for those who invested in gold with the precious metal plummeting more than $100 and at the time...
Along with the Swiss Franc, the Japanese Yen has historically been the other currency that the market has deemed a safe haven in times of financial instability...
The oil price has risen around 13 percent over the last 10 days which has pushed up gasoline prices in the US to uncomfortable levels and with elections...