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Commodities Briefing - Categorized | Bullion/Gold, Investment, Market Moves more

Should you buy or sell gold after Trump’s victory?

Posted on 15 November 2016

When it became increasingly clear that Donald Trump was about to win the US election, the price of gold soared. It reached a high of $1332 per ounce and sustained most of this rise through the day following the election victory. However, since then it has fallen back to $1220 per ounce, as investors have favoured risk-on trades rather than risk-off ones.
In the short run, this trend could continue and the price of gold may come under pressure. Investors seem to have put political risk to one side for the moment and are not all that interested in Trump’s policies on immigration and foreign policy……………………………………..Full Article: Source


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