Investment in gold jumped to 448 metric tons in the second quarter, or more than double the figure of the same period year-over-year, largely due to a year-over-year increase in ETF investment to 236.8 metric tons, compared to a 23 metric ton outflow the year prior.
“But gold prices are likely to climb even if opponent Clinton wins the presidency, said Milling-Stanley,” reports Myra Saefong for MarketWatch. “Gold probably wouldn’t see quite as dramatic a rise in the event of a Clinton win, compared with Trump, but Clinton as president is expected to have inflationary implications, which would imply higher gold prices as well, he said. Gold is often used as a hedge against inflation.”
SEE MORE: 31 Gold ETFs Investors Should Size Up
“Some say a Trump win would be a deeply negative event for equities. After all, stocks dislike uncertainty, and a Trump victory would leave much in the air about economically important issues such as trade policy and monetary policy,” according to CNBC.
For more information on the Gold ETFs, visit our Gold category.
Tom Lydon’s clients own shares of GLD.