The value of gold rises on the uncertainty around elections and economic support
Gold is growing weakly this morning - at 09:08 on the Comex exchange it rose in price by 0.01% to $ 1936.3 per troy ounce. Early morning rise reached 0.44%. The prerequisite for this is uncertainty, associated with further support of the economy by American authorities on the eve of the elections, as well as with the elections themselves, which will take place on November 3. In connection with the statement of the head of the United States of America Donald Trump at the last week that he ends negotiations with representatives the Democratic Party on the pre-election incentive package, investors are leaning towards caution. After this statement, however, Trump still approved a support plan with some changes - according to media information, it was increased to $ 1.8 trillion. The pre-election environment also contributes to the growth of gold playing the role of the haven asset. In some states, voting has already begun ahead of schedule. According to AxiCorp market strategist Stephen Iness, after the elections, the stimulus package will be adopted very fast.