Following the recent release of our Gold Demand Trends report for Q3 2020, one of the questions we are being asked frequently is how much influence the US election will have on gold demand and performance.
The simplest answer is that while, understandably, investors are closely following the US election for many reasons, it is just one of the many factors that influence gold at a global level. And specifically with respect to this election cycle any of the possible outcomes – whether a clear win by either Republicans or Democrats, or a contested election – will likely support one or several of the key drivers of gold investment demand.
Let me elaborate.