After last week's assassination, the possibility of former President Trump regaining control of the White House has greatly increased. A market strategist said that although the political shift in the United States may affect the global economy, it will continue to support gold prices.

Thorsten Polleit, publisher of BOOM&BUST REPORT and honorary professor of economics at Bayreuth University in Germany, stated that there is a high possibility of Trump being re elected as president.

He explained that specifically, he believes Trump is pushing for peace between Ukraine and Russia, which will ease some military confrontations in the world. However, the global economy will continue to be affected by trade barriers and deglobalization.

He said, "At some point, we will see a recovery in global trade and globalization, but it will be some time, and at the same time, there will still be a lot of uncertainty

Polleit stated that in addition to the escalation of the trade war, emerging market countries will continue to be concerned that Western countries may further weaponize the US dollar. He also said that central banks around the world will continue to diversify their reserves, shifting from the US dollar to gold.

He said, "Gold is re establishing its position as the ultimate means of payment, and the issue of legal dollars is becoming increasingly serious

As for the trend of gold, Polleit said that with central bank gold demand coincidentally encountering loose policies from the Federal Reserve, he may easily see gold prices rise by another 10% to 15% in the next 6 to 12 months.

I still believe that gold prices have great potential. Investors still have the opportunity to establish profitable gold positions. If you are a long-term investor, it is best to establish a gold position now

When it comes to gold denominated in other currencies, Polleit pointed out that the price of gold against the Japanese yen has doubled in the past four years. He said, "It's only a matter of time before gold shows similar value performance against the US dollar, euro, pound, and all other major currencies

Polleit stated that in addition to further support from central banks around the world, gold prices may even experience a more rapid rise, depending on the actions of the Federal Reserve and other central banks.

He pointed out that the contraction of the money supply helps to suppress inflation. However, he added that as monetary policy begins to relax, this trend is expected to reverse. He said, "With interest rates falling, the economy maintaining growth, and the money supply continuing to flow, this is actually a very, very favorable environment for gold

As for how much gold investors should hold, Polleit recommends holding 30% of precious metals in their investment portfolio, with 80% being gold and 20% being silver.