Gold Is Goldman's Preferred US Presidential Election Inflation Hedge

As the US election season really starts to heat up, with the first debate looming this week, Goldman Sachs commodities research team see significant value in long gold positions as a hedge against the risk of inflationary US policies after the elections from geopolitical shocks including tariffs, Fed subordination risk, and debt fears.

Goldman's US economists and cross-asset strategists have analyzed the effects of potential shifts in fiscal, regulatory, trade, monetary, and foreign policy of US presidential election outcomes.