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As long as you have the strength, conditions are not a problem.
According to HSBC Holdings, no matter who wins the presidential throne in next week's US election, there is one asset that will undoubtedly be the winner: gold.
Although HSBC believes that the election of Republican candidate Trump will bring greater support to gold than Democratic candidate Hillary, the bank’s chief precious metals analyst said on Tuesday (May 2) that no matter who wins the White House, gold will At least a huge % increase.
pointed out that both candidates support trade policies that promote demand for gold, and gold will provide potential protection against trade protectionism. Even the relatively more internationalist Democratic candidates advocate renegotiating long-standing free trade deals. This is good for gold, although not as much as if Trump were elected.
According to HSBC, if real estate giant Trump wins a resounding victory, gold will soar to US$/ounce, which means it will rise by more than US$1 from the current US$/oz level.
wrote that if Hillary is elected, the price of gold will climb to US$/ounce by the end of the year. He also added that if Democrats win a majority in Congress, it will trigger further gains in gold as they may expand fiscal spending. Clinton suggested stimulating the economy through means other than monetary policy, and Trump has said he would inject at least tens of millions of dollars into the economy.
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