U.S. Election 2024 Impact on Gold Prices: What History Suggests and Gary Wagner Predicts

Gary Wagner, editor of The Gold Forecast, joins Jeremy Szafron on Kitco News to analyze how the 2024 U.S. election results could impact gold prices. Drawing from historical trends spanning administrations from Reagan to Biden, Wagner explains how gold typically trades between Election Day and Inauguration Day. He shares scenarios for a Trump or Harris win, as well as the implications of a contested election versus a decisive outcome. Highlighting a potential parabolic move to $2,865 amid uncertainty, Wagner also discusses the Fed’s expected rate cuts and identifies $2,600 as a critical buying level in today’s volatile gold market.

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00:00 Introduction: U.S. Election 2024
01:31 Historical Gold Performance During Elections
03:54 Hypotheticals: Election Outcomes and Gold
07:56 Geopolitical Tensions
12:24 Watching the Fed
14:21 Gold Price Predictions and Technical Analysis

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