**RBC: Gold Election Take

It's All about Uncertainty

Housekeeping: This timely doc was donated to our community from a Premium Subscriber to whose account we added an additional month Premium on top of as a “thank-you”. On behalf of the GoldFix Community thanks again “J”!

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Quick Comment: Gold is all about the short term crisis risk right now lasting for possibly the next month or so, if no winner is definitively declared. Uncertainty will bring in more buying. Certainty will bring an unwind of trades.

Gold’s long term will take care of itself. We believe the election will be contested *if* it is close, and the incumbent party will definitely try to make it close

Contents: (900 words)

1. Backdrop: How Gold Got Here

2. Short Term and Long Term Drivers

3. Short Term: Uncertainty

4. Long Term: Macro Policy

5. Conclude: Uncertainty is the Immediate Risk

6. Related Posts