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November 15, 2024
Gold Loses Shine After Trump’s White House Victory
n the four days post-Election Day, while U.S. stocks rose nearly 4%, gold fell over 4%. Despite this, investors expect Trump’s policies to raise tariffs and cut taxes.
Gold prices have dropped sharply following Donald Trump’s presidential win, reversing earlier gains. In the four days post-Election Day, while U.S. stocks rose nearly 4%, gold fell over 4%. Despite this, investors expect Trump’s policies to raise tariffs and cut taxes.
As of late Monday, gold traded at $2,618 per ounce, down from a recent high of $2,800. Although it remains a safe haven in uncertain times, gold’s performance as the top investment of the year has waned.
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