Gold Price Will Hit $1,500 An Ounce If Trump Wins: HSBC

Rupert Hargreaves

Published onNovember 2, 2016

Updated on May 14, 2021

Gold prices cheap or expensive? We will find out in a few days according to analysts at one big bank.

Buy gold to hedge against a Trump win; that appears to be the view of James Steel, Chief Precious Metals Analyst for HSBC.

In a flash research note published at the beginning of this week, Steel outlines his team’s predictions for the price of the yellow metal, and it seems that whatever the outcome of the US elections, gold bulls will be pleased although a Trump win is likely to be more bullish for gold in the near-term.

Gold Price Will Hit $1,500 If Trump Wins

Against a backdrop of still-sluggish economic growth, income inequality, high debt levels and low productivity, Steel notes that...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Gold Price Will Hit $1,500 An Ounce If Trump Wins: HSBC

Gold Price Will Hit $1,500 If Trump Wins

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