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While numerous factors influencegold prices, significant political changes often create ripple effects throughout the economy.
Heres how aHarris win in the election could affect gold prices.
Jones noted that Harris proposed policies could lead to changes in government spending and regulatory approaches.
Harris supportsincreased government spendingon social programs, as well as infrastructure and climate initiatives.
In this scenario, investors have historically turned to gold as a hedge against inflation.
If they do, the increased demand could push up gold prices.
These policies, which could bring positive outcomes, could potentially have some unintended consequences, said DeLuca.
Increased Demand for Gold
Political shifts can trigger changes in investor behavior.
My biggest concernwith a Vice President Harris win is her economic stance, said DeLuca.
This could be a delicate balancing act for Harris to navigate.
They also emphasize that the actual outcome will depend on a complicated set of factors.
But predicting market movements is never an exact science.
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