Skip to content
Subscriber Only
Business
Economics

Trump as President Means Gold’s Going Higher, Mint Forecasts

  • Perth Mint CEO Hayes says ‘Trump is very much a protectionist’
  • Bullion has rallied 27% this year on increase in haven demand
Bloomberg business news

Perth Mint CEO: Gold Demand Is Holding Up Well

Updated on

A Donald Trump victory in the U.S. presidential election in November would probably lift gold prices, according to the mint that refines almost all the bullion output from one of the world’s biggest producers.

“If someone like Donald Trump does get himself elected, it will stimulate some fear within the economy as to where things are going,” Richard Hayes, chief executive officer of the Perth Mint, said in a Bloomberg TV interview. “Trump is very much a protectionist, he is very much for almost ‘Fortress America’.”