President Trump Is Good For Gold, Or Isn't He?

(October 8, 2020 - Degussa)

Since US President Donald J. Trump was voted into office on 3 November 2016, the price of gold has increased by 52 per cent, the S&P 500 stock market index by 66 per cent, while the US dollar exchange rate fell by around 6 percent. But the question is: Does it make sense at all to suggest that President Trump is directly responsible for financial market developments and commodity prices? Is this a reasonable question at all?

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