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Bullion Bulls Have History on Their Side as Trump Takes Helm

  • Gold has been outperforming S&P 500 when a new chief comes in
  • Investors await clarity on Trump’s domestic and trade policies
Bloomberg business news

Investors Clamor for Gold Amid Uncertainty Over Trump

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Gold bulls wagering the bullion rally has more room to run may have history on their side with the arrival of a new U.S. president.

A look at recent presidential transitions supports optimism among traders over the metal’s prospects. Gold has averaged gains of almost 15 percent in years marking the inauguration of a new president since the 1970s, advancing in five of those seven years. In contrast, the S&P 500 index of equities declined in four of those years for an average loss over the period of 0.9 percent.