Gold price
2024 - 11 - 7Gold Takes a Dive as Trump Rides to Victory – Don’t Panic Yet!
Gold Price - Market Volatility - Silver Price - Trump Election Victory - US EconomyGold prices are tumbling! What's Trump's election got to do with your jewelry? Click to find out!
In a dramatic shift, gold and silver prices felt the brunt of market reactions following Donald Trump's unexpected win in the recent U.S. presidential election. As investors rushed to the safety of the dollar, gold prices plummeted more than 3%, hitting a three-week low. With a soaring U.S. dollar and yields from Treasury securities climbing, the traditional appeal of gold as a safe haven took a considerable hit. It seems that when a major political event unfolds, even precious metals are not entirely immune from the market's unpredictable whims.
The aftermath of Trump's victory has seen reactions ripple through the commodities markets, resulting in a notable 5% drop in silver prices along with gold’s decline. Markets are awash with volatility, driven by fears of potential global trade conflicts and uncertainties surrounding economic policies under the newly elected president. Investors are now casting their gaze towards higher interest rates, each speculation sending ripples that define a new era in commodities trading post-election.
“Gold will be torn between rising inflation risks and the potential for slower U.S. rate cuts,” analysts predict, suggesting that as tariffs are introduced, we might see fluctuations in demand for both gold and silver. With the dollar booming, it appears that financial experts are looking carefully at how these changes will affect not just U.S. markets, but also global trading partners, including key Asian economies. In times like these, it’s essential for investors to keep their eyes peeled for both local and international developments that can sway market dynamics.
Interestingly, amidst all this chaos, gold miners have shown incredible resilience over the years, weathering storms through economic tightening cycles. From 2022 to 2023 alone, the effective federal funds rate shot up from 0.08% to a whopping 5.33%. This bears noting since, despite immediate price drops, eventually, commodities like gold might bounce back as they have often historically done. So, should you shed tears over falling gold prices? Well, hold your horses! Just as trends come and go in fashion, market dynamics are susceptible to rapid changes too! Let’s not forget, investing in gold is often perceived as a hedge against inflation, which may prove valuable down the road.
In conclusion, while the gold market may be experiencing a rough patch following Trump’s electoral success, history suggests it has the potential for recovery. Joining the dots, what’s key for investors is to stay informed about market conditions and not react hastily. Keep your jewelry safe and your investments wiser – after all, you never know when the gold tide will turn back in your favor!
Silver Price Drops 5%, Gold Price Loses 3% as Trump Wins the ... (The Jerusalem Post)
Silver drops 5%, gold 3% as Trump wins election, sparking a broader commodities slide. A spike in 10-year yields and stronger dollar shift investors from ...
Gold hastens retreat as dollar rallies on Trump victory (Reuters)
Gold prices slid more than 3% to a three-week low on Wednesday as investors piled into the U.S. dollar after Republican Donald Trump was elected U.S. ...
Gold Prices Plunge as Trump Triumphs: What's Next for XAU/USD? (MarketPulse)
Gold prices plummet as Trump's election victory boosts the US dollar and Treasury yields. Market sentiment shifts towards higher interest rates, ...
US Election 2024: Gold Price Falls As Donald Trump Wins; Is More ... (NDTV Profit)
Gold prices declined as Donald Trump secured the 2024 US election, driven by a stronger dollar and higher Treasury yields. Market volatility persists as ...
Gold Price Forecast: XAU/USD pares losses, consolidates around ... (FXStreet)
In one of the tight races in the United States (US) history, Donald Trump has been elected the 47th President of the world's largest economy.
Gold Price Outlook – Gold Plunges After Landslide Election in America (FX Empire)
This morning has seen the gold market fall hard, breaking down through the $2700 level, an area that has been important on the way up as well.
Gold falls after sweeping Trump win boosts dollar (MINING.com)
Trump's win could translate into a global trade conflict that will trouble commodities markets as it drags in Europe and key Asian economies.
Global Gold Miners — Relative Credit Analysis (Fitch Ratings)
Gold Price Resilience: Gold prices were resilient during the 2022–2023 tightening cycle, which raised the federal funds effective rate from 0.08% to 5.33%.
Gold price sharply down on Trump win, less risk aversion (Kitco NEWS)
(Kitco News) - Gold and silver prices are strongly lower and hit three-week lows in early U.S. trading, following a decisive win by Republican U.S. ...
Gold slips as dollar surges on Trump win, investors keep eyes on Fed (Business Standard)
"Gold will be torn between the risk of rising inflation, potentially slowing the pace of US rate cuts, as tariffs are rolled out and continued demand for ...
Trump's victory sparks a bullion promises: Gold price falls - The ... (Economic Times)
"Gold prices have fallen following the strengthening of the dollar after Donald Trump gave a speech following his victory in the US elections," said ...
Why Is Gold Falling After Trump's Election Win? (Investopedia)
Rising bond yields, rallying stocks and a surging U.S. dollar all weighed on the price of gold in the wake of former President Trump's decisive election ...
Will gold gain lustre in wake of Trump's election win? (South China Morning Post)
Price falls as investors take profits from earlier gains, but longer-term prospects are bullish due to trade and inflation uncertainties.
Gold price loses ground due to solid US Dollar following Trump's ... (FXStreet)
Precious metals are under pressure as safe-haven flows decline due to market optimism. The non-yielding XAU/USD faces challenges as US Treasury yields trade ...
Gold price plunges 5% (VnExpress International)
Gold ring price plunged 5.17% to VND84.4 million (US$3320.87) per tael Thursday morning, following the tumble of the precious metal on the global market.
Gold price in Malaysia: Rates on November 7 (FXStreet)
Gold prices fell in Malaysia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 376.75 Malaysian Ringgits (MYR) per gram, ...
Gold price in Philippines: Rates on November 7 (FXStreet)
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily ...
Gold and silver prices today on 07-11-2024: Check latest rates in ... (Livemint)
Gold And Silver Prices Today: 10 gm of 24 carat gold was at Rs.80523.0 in Delhi whereas 1 kg of silver was Rs.99100.0 in Delhi.
Gold Rate Today: Gold Price Today: Yellow metal prices fall by Rs ... (Economic Times)
Gold and silver prices dipped to a near one-month low following Donald Trump's victory in the US presidential election. The dollar index and US bond yields ...
Gold price in India: Rates on November 7 (FXStreet)
Gold prices fell in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 7,200.05 Indian Rupees (INR) per gram, ...
Gold prices fall to multi-week lows after Trump win: Should you buy ... (CNBCTV18)
The primary factor behind the recent drop in gold prices is the US election results. Trump's victory has prompted market shifts, as investors now speculate ...
Gold edges up as traders brace for Fed rate decision (Reuters)
Gold prices edged up on Thursday but hovered at a three-week low, as market participants braced for an expected rate cut decision by the U.S. Federal ...
Gold prices may see short-term correction after US election results ... (Livemint)
Analysts anticipate further short-term pressure on gold rates due to political and economic factors impacting the bullion's safe-haven appeal. MCX gold prices ...
Gold's price is plunging. Is this the right time to buy in? (CBS News)
Financial downturn concept with gold bars and falling stock market graphs. It could pay off to buy into gold now that the price is plunging. Getty Images. Gold ...
Trump's win shifts market sentiment on Fed rate cut, pressures gold ... (Economic Times)
Gold prices sharply declined in India and globally on November 7, following Donald Trump's election win. In India, 24k gold dropped to Rs 61136/8g in Delhi.
North America inflows go four-for-four (World Gold Council)
Regional and fund-specific analysis of gold holdings and flows in USD. Gold-backed ETFs and similar products account for a significant part of the gold market, ...
Gold Price Forecast: Reversal or Pullback? (City Index)
Gold prices were smashed on the night of the election, similar to what showed in 2016 when the US Dollar posed a stark turn-around on news that Donald Trump ...
Gold price hovers around $2690 as Fed cut reinforces safe-haven ... (FXStreet)
Gold prices held firm and posted gains of over 1% after the Federal Reserve (Fed) lowered interest rates by 25 basis points (bps), as expected.
Gold price in Malaysia: Rates on November 8 (FXStreet)
FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily ...
Gold price today: Yellow metal declines after Fed cuts rates by 25 ... (Livemint)
Gold prices fell in the domestic futures market this morning due to profit booking after the US Federal Reserve's expected 25 basis point rate cut.
Gold price in India: Rates on November 8 (FXStreet)
Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 7,313.17 Indian Rupees (INR) per gram, ...
gold price today: Gold Price Today: Yellow metal prices fall by Rs ... (Economic Times)
Gold and silver prices saw a slight dip in Friday's early trading on MCX. This follows a month of decline for both metals, despite a recent recovery spurred ...
Gold price dips Rs 10 to Rs 78550, silver falls Rs 100 to Rs 92900 (Business Standard)
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 71990.
Gold extends gains on Fed rate cut, but heads for weekly fall (The Business Times)
GOLD prices inched higher on Friday (Nov 8), extending gains spurred by the US Federal Reserve's widely anticipated quarter-point rate cut amid a cooling ...
Gold price in Philippines: Rates on November 8 (FXStreet)
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily ...
Today Gold Rate 08-11-2024: Check latest prices in your city (Hindustan Times)
Today Gold Rate: The price of 10 gm of 24 carat gold is Rs. 78733.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 96100.0/Kg in Delhi.
Gold and silver prices today on 08-11-2024: Check latest rates in ... (Livemint)
Gold And Silver Prices Today: 10 gm of 24 carat gold was at Rs.78733.0 in Delhi whereas 1 kg of silver was Rs.96100.0 in Delhi.
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