Gold Registers 22% Gain in the First 100 Days Since Trump Took Office

Over the last 100 days since Trump took office, the price of gold has recorded a 22.2% increase in dollar terms, setting over 20 new all-time records. During this period, the S&P 500 index of the biggest corporations has dropped by over 7%.

Different publications report that the first a hundred days of this presidency may be the worst for the American stock market since Nixon’s and Ford’s presidencies. During the first one hundred days of Richard Nixon’s 2^nd term, gold saw its price surge by more than 39%. Gerald Ford came in soon after Nixon resigned following the Watergate scandal, with gold recording a 21.9% increase in its price during Ford’s first one hundred days in office.

As of Wednesday, the spot price for gold per troy ounce stood at $3,323.97. In UK pounds and Euros, the price of this precious metals has risen by 11.9% and 11.4% respectively.

Its demand continues to increase, with investors globally turning to gold as a way to protect their wealth amid uncertainty and confusion, which are partly fueled by the recent tariffs introduced by President Trump. The introduction of Liberation Day tariffs, as christened by President Trump, disrupted global trade and sent markets into a state of uncertainty.

China was hit hardest by the new changes, with the U.S. imposing 145% tariffs on many Chinese products. In response, China raised tariffs on American imports to 125%.

While the tariff hikes were temporarily paused for most countries excluding China, companies like Electrolux, Kraft Heinz and General Motors continue to reduce their expected earnings/ withdraw their financial forecasts for the year. In a statement, General Motors announced that it’d be delaying its quarterly call to investors, pending potential changes to trade policy.

UPS also announced that it’d be eliminating 20,000 positions with the expectation of lower volumes from Amazon consumers.

Experts expect that a softer stance by Trump may see gold’s rally slow down though. HSBC’s James Steel argues that a decrease in tariff risks would take away a major driver of gold’s rally, noting that uncertainty about America’s policy on trade are what increased gold demand and negatively affected stocks.

Despite this, gold’s acceptance universally and its properties as a safe haven asset, a store of value, and hedge against inflation continue to drive strong global demand from investors. Silver was trading at $33.20 earlier this week, representing a more than 8% increase in price since Trump took office.

With gold continuing its upward momentum, gold extraction companies like GEMXX Corp. (OTC: GEMZ) are positioned to deliver enhanced shareholder value.

NOTE TO INVESTORS: The latest news and updates relating to GEMXX Corp. (OTC: GEMZ) are available in the company’s newsroom at https://ibn.fm/GEMZ

About MiningNewsWire

MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.

MNW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.MiningNewsWire.com

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer

MiningNewsWire
Los Angeles, CA
www.MiningNewsWire.com
310.299.1717 Office
Editor@MiningNewsWire.com

MiningNewsWire is powered by IBN