Investors are weighing whether U.S. political gridlock could revive gold’s
safe-haven appeal after what may be its weakest annual performance in over a
decade. Matt Miskin, co-chief investment strategist at Manulife/John Hancock
Investment Management, said if 2027 bears any resemblance to 2019 — when gold
rallied — the metal’s current weakness could reverse. He added a congressional
Stalemate would lower the risk that fiscal policy pushes real yields higher.
Miskin expects modest Democratic midterm gains with limited policy change, a
backdrop he views as constructive for gold.
