Nov 05, 2020 Guest(s): Kai Hoffmann - CEO, Soar Financial
The short to medium-term outlook for gold depends on whether or not Joe Biden can maintain his lead into the White House, or if Donald Trump can beat current odds and win, said Kai Hoffman, founder and managing director of SOAR Financial Partners.
"If Trump wins we might see a small selloff [in gold] again, just because of risk off, and we see more certainty or more security in the space and the U.S. dollar might actually strengthen. If Biden really prevails and pulls through then we'll probably see a run in gold in my opinion," Hoffman told Kitco News.