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Trump and Modi Take Shine off Gold

Posted on 17 November 2016

U.S. election result has failed to produce an uncertainty boost, while rupee voiding has chilled key India market. Gold is being let down by India and Donald Trump. Ahead of last week’s U.S. presidential election, investors looking to bet on a victory by Trump bought gold assets on the theory that the resulting policy uncertainty would be a boost for such havens.
But a week after his win, gold is hovering close to a six-month low of around $1,230 a troy ounce as investment flows out of gold-focused exchange-traded funds and gold futures………………………………………..Full Article: Source


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