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Will gold price sell off or skyrocket? It all comes down to this

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The short to medium-term expectation for gold depends upon whether or not Joe Biden can maintain his lead into the White Home, or if Donald Trump can defeat present odds and also win, stated Kai Hoffman, creator as well as taking care of supervisor of SOAR Financial Allies.

" If Trump wins we may see a little sel-loff [in gold] once more, even if of danger off, and we see even more assurance or more safety and security in the area and the U.S. dollar could in fact enhance. If Biden actually dominates and also draws with then we'll most likely see a run in gold in my point of view," Hoffman told Kitco News.

0:00 – Gold price expectation
6:14 – Economy and also lockdowns
7:45 – Digital Euro
11:19 – Mining finance
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Will gold price sell off or skyrocket? It all comes down to this

The short to medium-term outlook for gold depends on whether or not Joe Biden can maintain his lead into the White House, or if Donald Trump can beat current odds and win, said Kai Hoffman, founder and managing director of SOAR Financial Partners.

“If Trump wins we might see a small sel-loff [in gold] again, just because of risk off, and we see more certainty or more security in the space and the U.S. dollar might actually strengthen. If Biden really prevails and pulls through then we’ll probably see a run in gold in my opinion,” Hoffman told Kitco News.

0:00 - Gold price outlook
6:14 - Economy and lockdowns
7:45 - Digital Euro
11:19 - Mining finance
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

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