Gold prices
2024 - 11 - 7Trump Wins, Gold Sinks: What Do Dollars and Bullion Have in Common?
Commodity Prices - Donald Trump - Gold Prices - Investment Strategies - Market Trends - US Election 2024As Trump takes the throne once more, gold prices dive! Explore the surprising connection between politics and precious metals!
In a surprising turn of events, gold prices have taken a significant hit following Donald Trump’s recent victory in the 2024 U.S. presidential election. The allure of bullion, which traditionally shines during uncertainty, has dimmed as the strengthening U.S. dollar draws investors away from gold. Market analysts note that the buoyant dollar, which surged following Trump's electoral success, has resulted in gold prices plummeting more than 3% to a three-week low. This phenomenon occurs as investors pivot towards the dollar and U.S. Treasury yields while remaining cautious about rising interest rates.
Many factors are at play here, particularly the market's response to Trump's victory. The election results have sparked concerns over potential shifts in global trade dynamics, hinting at the possibility of tariffs that could create ripple effects across various markets. This uncertainty has left economists pondering the resilience of gold amidst an overarching feeling of volatility. It appears that gold, often viewed as a hedge against inflation, may now also be experiencing pressure from the political climate.
Furthermore, Trump’s win doesn’t only impact domestic investors. The international trading sphere is watching closely, particularly key economies in Europe and Asia, as tensions around trade may exacerbate commodity market fluctuations. Gold miners are closely monitoring these patterns, knowing their profits can be radically altered by changing interest rates and currency values. The parallels between the dollar's strength and gold’s decline paint a vivid picture of the complex dance between politics and precious metals investment.
So, what’s next for investors scouting for safe havens? While gold enthusiasts typically bet on higher prices during political uncertainties, Trump's victory highlights complexities in the market. Investors will need to keep an eye on Fed decisions, market inflation, and, believe it or not, gold's tendency to act like a teenager in a mood swing - unpredictable and reacting dramatically to external stimuli.
**Did you know?** Gold has been a symbol of wealth and prosperity since ancient civilizations, often being associated with gods and royalty! And while prices may dip now, it's interesting to note that gold might also bounce back as past electoral effects have hinted at future gains post-elections.
**And here’s a fun fact:** Historically, gold prices tend to rally a few years after significant political events, hinting that the love affair between gold and chaos isn’t over yet! Keep your eyes peeled and wallets ready!
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 ...
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 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 ...
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. ...
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 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.
Gold prices slump as dollar surges on Trump election victory (Investing.com India)
Investing.com--Gold prices fell sharply Wednesday, pressured by a spike in the dollar after victory for Donald Trump in the 2024 presidential election.
Gold prices slump as dollar, Treasury yields, surge on Trump ... (Investing.com)
Investing.com--Gold prices fell sharply Wednesday, pressured by a spike in the dollar and Treasury yields after victory for Donald Trump in the 2024 ...
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 Prices: Gold prices plunge as Trump's decisive win drives up ... (Economic Times)
Gold and copper plunged as Donald Trump reclaimed the White House, with a surging dollar pressuring commodities while traders weighed the ramifications of ...
gold price per gram: 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 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 prices fall to Rs 78026 on November 6, down 1.46%: MCX Data (Moneycontrol.com)
Gold prices witnessed a 1.46 percent decrease, with the yellow metal closing the trading session at Rs 78,026 on November 6, 2024 according to MCX data.
Gold rate today on November 07 in Chennai, Mumbai, Delhi ... (Financial Express)
Gold Rate Today in India, Check 22K, 24K Gold Price in India on November 07, 2024: The gold MCX futures contracts with the expiry of December 2024 were ...
Gold rises Rs 10, silver falls Rs 100, yellow metal trading at Rs 80360 (Business Standard)
The price of 22-carat gold witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 73660.
Today Gold Rate 07-11-2024: Check latest prices in your city (Hindustan Times)
Today Gold Rate: The price of 10 gm of 24 carat gold is Rs. 80523.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 99100.0/Kg in Delhi.
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 prices set to fall further after Donald Trump's win (Morung Express)
New Delhi, November 7 (IANS): Gold prices continue to fall after the US presidential election and on Thursday, the December future contracts of gold on MCX ...
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.
Gold Rate Today, November 7, 2024: Prices Drop, Check The Latest ... (HerZindagi)
On November 7, 2024, the price of 10 grams of 24-carat gold in Delhi is ₹80523. Additionally, the cost of 1 kilogramme of silver in Delhi is ₹99100.
Indian Gold Prices Nose-Dive After US Elections (NDTV Profit)
There has been a decline in both Indian and international prices of gold. Domestic gold prices have slipped down, nearly reaching the record low of October.
Gold, silver price today, November 7, 2024: Precious metals witness ... (India Today)
Gold Price Today November 7, 2024: Both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Thursday.
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 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 prices fall 1.95% on November 7, yellow metal ends trade at ... (Moneycontrol.com)
Gold has been trading 21.24%, higher compared to the start of the year.
Gold Prices In India, Abroad Recover After US Fed Rate Cut (NDTV Profit)
Domestic prices of gold stood at Rs 77700 as of 7:05 a.m. on Friday, according to the Bullion Association. The prices have recovered by Rs 720, ...
Gold prices after US Fed rate cut: Is now a good time to buy? (CNBCTV18)
In India, where gold remains a popular investment, 24-carat gold traded at ₹78700 per 10 grams, while 22-carat gold, favored for jewelry, was priced at ...
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 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 prices set for second straight weekly fall (Reuters)
Gold prices fell on Friday and were headed for a second straight weekly fall as traders assessed the impact of Donald Trump's presidency and its ...
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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