The real ‘winner’ of the Presidential debate; why stocks rallied and gold price fell afterward
Following Tuesday night’s debate between President Donald Trump and former Vice-President Joe Biden, stocks climbed higher, with the S&P 500 up 1% on Wednesday’s session. Gold saw pressure, dipping 0.3%, while silver fell by 3%.
While the two candidates debated on several contentious issues ranging from the pandemic to the economy, one thing was clear: more stimulus would be added to the economy from either side, said Will Rhind, CEO of GraniteShares.
“I think one thing that we can be almost certain about is that the big winner from last night’s debate is stimulus,” Rhind said.
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