November 14, 2024
Gold Prices Decline After Trump’s Presidential Victory
In the four days after Election Day, gold prices dropped over 4%, while the U.S. stock market gained nearly 4%.
Gold, a popular safe-haven investment, has seen a sharp decline following Donald Trump’s election win. In the four days after Election Day, gold prices dropped over 4%, while the U.S. stock market gained nearly 4%.
As of late Monday, gold was trading at $2,618 per ounce, down from its record high of $2,800 per ounce set just last month. This dip has slightly diminished gold’s status as one of the year’s top-performing assets.
The drop is linked to market optimism about Trump’s proposed policies, such as tax cuts and trade tariffs. However, gold remains a trusted hedge against global uncertainty.
Meta Title: Gold Prices Fall After Trump’s Election Win
Meta Description: Gold prices drop 4% after Trump’s election victory, reversing recent gains. Learn why this happened and what it means for investors.
