Effects of US presidential elections, rate hike on gold

A DONALD Trump victory seems to be a bullish driver for gold. Traditionally, gold has always been seen as the go-to asset in times of uncertainty.

Mr Trump represents uncertainty as he has boldly vowed to reform the US political establishment and challenge the status quo of different aspects of the US's foreign and economic policy, with the hope of "Making America Great Again".

On the other end of the political sphere, Hillary Clinton represents a continuation of the status quo as she is seen to be more closely aligned with the current political establishment. Should she win, as the polls currently suggest, the certainty might be uneventful for gold prices as the expectation of her winning has been priced in.