Donald Trump’s popularity might be the reason for the rise in gold prices since the start of the year. The metal is up 20 percent year-to-date. Daniela Cambone, editor-in-chief of Kitco, said some analysts believe that Trump’s success in the presidential race is bringing about uncertainty. During uncertain times, investors flock towards gold, the ultimate safe-haven asset. On the flip side, the rise in gold may have more to do with the Federal Reserve’s recent indications that it won’t hike short-term interest rates so soon, amid global growth worries. TheStreet’s Scott Gamm reports from Wall Street.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
