In this final part of the series, we’ll try to identify the best-performing sectors after a presidential election. The S&P 500 has generated an annualized return of 7.0% in the last 27 years.
Gold futures for February contracts gained 0.63% on November 24. The price surge followed rising political tensions after Turkish F-16s downed a Russian Su-24 fighter jet over the Syrian border.
Platinum futures on COMEX fell to a six and a half year low on September 22. It touched the lowest mark of $926 per ounce on September 23 and settled at $932.
The falling gold prices have negatively impacted the profitability of Barrick’s operations in 2015. Its share prices fell 3.45% to $6.29 as of September 9, 2015.
With the growing anticipation of the interest rate hike by the Fed, all eyes are set on its relative impact on investors’ portfolios. Investors are watching gold.
Most gold miners in non-US countries have rejoiced in the stronger dollar. The increase in the dollar meant devaluation for domestic countries in which miners incur their costs.
