Gold never sleeps? Regardless of the script of the US election, the gold price is expected to continue to rise
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Saxo Bank's Head of Commodity Strategy, Ole Hansen, stated that geopolitical risks, fiscal concerns, and potential changes in monetary policy, especially after the US presidential election, have driven the rise in gold prices. Gold has risen by over 20% year-to-date and reached a high of $2531.75 in August. Gold's performance has surpassed the S&P 500 and Nasdaq 100 indices, demonstrating its attractiveness as a hard asset. Saxo Bank is optimistic about the future trend of gold, believing that fiscal deficits, safe-haven demand, and the Federal Reserve's monetary policy will continue to support gold prices
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