Gold Breaks Election Year Norms Amid Heightened Global Tensions Gold prices have reached record highs in 2024, defying typical behavior during U.S. presidential election years. According to the World Gold Council, while elections historically have not directly impacted gold performance, the current political climate of increased polarization and elevated geopolitical risks may be encouraging investors to seek gold as a hedge against portfolio risk. This unique environment has contributed to gold’s strong performance, with prices up 16% year-to-date and reaching an all-time intraday high of $2,488.40 on July 17. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Mortgage Rate Decline Prompts Spike in Refinancing Applications READ MORE World Bank Forecasts Bleak Economic Outlook: Worst Growth in 30 Years READ MORE January Sees U.S. Wholesale Prices Increase, Highlighting Ongoing Inflation Challenges READ MORE Historical Data Challenges Assumptions About Rate Cuts and Market Gains READ MORE World Gold Council: China's Gold Market Booms in 2023 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment