FxWirePro: Daily Commodity Tracker - 21st March, 2022 
HSBC says that if Donald Trump wins the White House (we believe he will), on November 8th, it could be good news for gold. The analysts’ suspect that the yellow metal could rise to as high as $1575 by the end of the year, if America rejects Hillary.
We at FxWirePro, have already called for longs in the yellow metal at $1060 and $1090 per troy ounce and we have already forecasted the yellow metal to reach $1525 area. We have considered the weakness in the dollar and return of inflation to act as bullish agents to gold. Now, HSBC is forecasting gold price from the risk aversion point of view, which would dampen the dollar but we don’t think that would be the case. While the dollar is likely to decline in the very short term if Trump wins, mainly because of the uncertainties surrounding the path ahead but in the longer run, a Trump presidency would be bullish for the dollar.
