Trump & Gold: Positive Correlation? – Gartman, Lanci Chime In | Kitco News

Kitco News’ general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices

Source: Trump & Gold: Positive Correlation? – Gartman, Lanci Chime In | Kitco News

GOP presidential nominee Donald Trump and gold seem to have a lot more in common than we think, especially when looking at polling results.

And, now that his popularity seems to be waning, could prices move lower?

Earlier in the year, the real-estate mogul was leading in the polls for Republican primaries, becoming a true contender in this presidential election. At the same time, gold had its best two quarters in years, rallying nearly 30% since January.

Kitco News looked at this seeming pattern back in May, comparing the data and found that there is somewhat of a positive correlation between the billionaire’s latest poll results and the price of gold this year.