Donald Trump Is the Reason the Gold Price Is Set to Increase Before the End of 2018

It’s coming. You may not be seeing its effects yet, but President Donald Trump—or rather, Special Prosecutor Robert Mueller—could make the gold price rise again.

It might be wise to buy some gold now, while it’s trading at a discount.

As the chart below shows, the gold price is hesitating to return to a floor of $1,200 per ounce.

Chart courtesy of StockCharts.com

The gold price started 2018 in the right direction, but an accelerated Federal Reserve interest-rate-lifting program has ruined what could have been a bull year for the yellow metal.

The interference from cryptocurrencies, trying to break their way into becoming the safe-haven investment for the Facebook generation, did the rest to keep gold down.

And then there’s the Turkish crisis. The Turkish economy has the elements to recover, but the gold price may react with a delay—just as it did during the Argentine peso crisis of 1998–2002.

Trump’s Impeachment Rumors

Rumors of impeachment have surrounded President Trump as early as the transition period from President Barack Obama in December 2016.

Until recently, Trump has managed to escape the FBI Special Prosecutor’s claws as he indicted and questioned former close advisors and associates in the context of the “Russiagate” investigation.

But how long will the “Teflon” around Trump last? The president has warned that impeachment proceedings that may result from the indictments of his campaign advisor, Paul Manafort, and lawyer, Michael Cohen, will crash the stock market. (Source: “‘Everybody would be very poor’: Trump predicts stock market would crash if he were impeached,” The Washington Post, August 23, 2018.)

Not everyone agrees with Trump’s assessment. But are Americans willing to test the hypothesis? Trump detractors suggest the stock market would experience a “relief rally.”