Good Reads
Gold and Midterms: Is this time different?
We hear a recurring question from investors: do US elections meaningfully impact the gold price? The simple answer is that while domestic bar and coin demand tends to increase under Democratic administrations,1 historically, the outcome of US elections has not had a consistent or significant effect on gold’s performance. This is not surprising. Given the geographic diversity of demand, what matters is whether the resulting policy changes are sufficiently consequential for the global gold market, and whether they can offset other global forces that drive the price. Read on »
Gold Hits Over Two-week Low
“Gold prices can fall further... because we are still seeing a lot of uncertainty around the energy market.” Brent crude rallied over $2 a barrel on Thursday after more Houthi attacks in Saudi Arabia stoked concerns over a broader escalation of conflict and further disruptions to crude supplies. Read on »
US Department of Energy grants $42M for gas pipeline from Pennsylvania to New York
The U.S. Department of Energy (DOE) announced it will use up to $42 million in Defense Production Act (DPA) funding to advance the development of a proposed 125-mile natural gas pipeline from Pennsylvania to New York. Constitution Pipeline Company’s project will transport natural gas to markets across the Northeast that currently experience limited access to the fuel. Read on »
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