Ahead of the upcoming US Presidential Election, a growing number of companies in the country are delaying major investments. The latest survey of chief financial officers (CFOs) by the Atlanta Fed, the Richmond Fed, and Duke University's Fuqua School of Business, released on Wednesday, shows that about 30% of companies are delaying, scaling back, or canceling investment plans because of the uncertain election outcome, up from 28% in the previous quarter.
This may be a good opportunity to lay out gold before the Federal Reserve cuts interest rates or even before the dust settles in the US election. So where might the discount zone be?