As the countdown to the United States (US) Presidential elections continues, polls indicate a fierce competition between the Democratic Party candidate Kamala Harris and the Republican Party candidate Donald Trump. Amid the conflicts in the Middle East and the uncertainty created by the upcoming US elections, investors are increasingly turning to gold, which they consider a safe haven. With strong demand, gold prices reached a record high this morning. So, how do the US elections affect gold prices? Yücel Tonguç Erbaş, the Deputy General Manager of a brokerage firm, answered questions on the subject during an NTV broadcast.
### How US Elections Impact Gold Prices
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
