Trumpโs Election Victory Drives Gold Prices Down Amid Inflation Concerns ๐จ
After Republican candidate Donald Trump won the U.S. presidential election, #gold prices fell. Analysts at SP Angel explain that the surge in the dollar and U.S. Treasury yields, triggered by the election results, reduced goldโs appeal.
This reflects market concerns about potential #inflationary policies under Trump, who has proposed reducing #immigration , imposing tariffs, and cutting taxes, all of which could raise inflation. SP Angel adds that some gold buyers may have anticipated a more contested election outcome, but the Republican sweep led to the sell-off of such positions.
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