Gold prices continue to fall and rise over the years but this time it is different than the usual. The prices of gold are haphazard all the way through and it certainly has to do with Covid-19 and it certainly has to do with US elections. This is a time of grave uncertainty, anything can happen, both are strong candidates and show extreme leadership skills when it comes to winning the election. The upward and downward graph of the Gold Rate in the U.S.A Today is not only the result of the US election but Covid-19 has to do a lot with it too, so this is something that you should keep in mind progressing further with the article.

Covid-19 and gold prices
Covid-19 has introduced our world into two consecutive lockdowns and there were times when the situation was about to spiral out of control as it became that intense. Overall, the markets have been plummeted down to the earth and the economy of the world is in jeopardy. This gives rise to the unprecedented patterns of the investors trying to buy gold and other reserves to make themselves strong in the coming inflation and times of utter economic distress.

The gold market is pretty shaken right now and it has been acting crazy for some time, the prices are almost sky high and the trend is on the rise given the fact that the election’s results are around the corner. You can however use a Gold Calculator to calculate the estimated current value of gold today but it won’t tell you much about where the tide should shift in the future.

US elections and gold prices
Seeing that the competition between both Trump and Biden was fierce but in the end, Biden won the election, the overall period of time for which the election continued has a bitter impact on the gold prices and the market. If by any chance Trump was to win the prices of gold would still have gone on an increase in hopes that the global trade policy would have remained unaffected.

But the same would happen if Biden was to win given the Asian and Chinese markets would have flourished in hopes of the global trade policy easing. So, it doesn't matter from which side you want to experience or analyze the events that happened but in both cases, we would be at the same spot that we are now, with increased gold prices and more increases expected sooner than later.

The 18K gold price according to an estimate is to rise to an unexpected value but then instantly fall back. It is to happen amid the Covid-19 pandemic where the markets are lingering on fine threads and so in these uncertain times there can be an instant rise among the gold prices. But post-pandemic the global economic situation is expected to get better which will ease down the tensions and help the people gain jobs and coming out of this economic collapse they are under right now. The gold prices would then come back to their original limit and the markets will be able to flourish once again.