The possibility of victory for Donald Trump and a second US interest rate hike could cause increased volatility in gold markets in Q4, according to Citigroup.
Bloomberg reports Citigroup has raised Trump's (pictured) odds of winning the US presidential election from 35% to 40%. Combined with the likelihood of another interest rate rise in Q4, this situation could lead to a bumpy ride for bullion and foreign exchange markets during the rest of the year. Gold bullion prices have increased by 26% this year, with gold funds such as Junior Gold and Way Charteris Gold and Precious Metals among the top performers since Brexit. However, the metal began to give up gains during August, retreating from a high of $1,360/oz to $1,309/oz. The curre...
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