clinton: Some analysts are putting a $US100 premium on it if Democrat Hilary Clinton wins, according to Australian Broadcasting Corporation. That jumps to $US200 if Republican Donald Trump becomes the president. Related Story: Economist says Trump win would hurt Australian miners, farmers Related Story: Resolute Resources offers dividends in gold as local bullion price soars Related Story: Brexit sends gold higher as cloud hang over mining investment from key London financiers Map: Perth 6000 Gold, the traditional store of wealth and a so-called safe haven, is set for a price rise on the back of the US presidential election, regardless of who wins. Monetary Metals' Bron Sucheki said given the global uncertainty that surrounds the outcome of the election, the price could go even higher. "Gold is a classic asset class that investors run to when there any uncertainty. "I think the US election sure meets the definition of uncertainty if ever there was one." Analysts say investors are already piling into physical gold and paper gold as a hedge against currency concerns. At the same time, the price of gold soared. "The uncertainty isn't just about the election outcome, but even after the election, how will the new president deal with the potentially hostile Congress and whether they'll be able to get their policies through," Mr Sucheki said. The British pound dropped to its lowest level in 30 years in the wake of the Brexit vote and is yet to recover much ground.
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