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 midt

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.