Odaily Planet Daily News According to SP Angel analysts, after the Republican candidate Trump won the US presidential election, the price of gold fell. The analyst stated that the rise in the US dollar and US bonds due to the election results weakened the attractiveness of gold, reflecting the market's concern about the inflation policies that the Trump administration may implement. Trump has previously talked about plans to reduce immigration, impose wide-ranging tariffs, and cut taxes, all of which could push up inflation. SP Angel also added that gold buyers may also be preparing for more intense elections, but the Republican sweep may have led to such positions being dumped. (Golden Ten)
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La victoria de Trump genera preocupaciones sobre la inflación y el precio del oro cae
Odaily Planet Daily News According to SP Angel analysts, after the Republican candidate Trump won the US presidential election, the price of gold fell. The analyst stated that the rise in the US dollar and US bonds due to the election results weakened the attractiveness of gold, reflecting the market's concern about the inflation policies that the Trump administration may implement. Trump has previously talked about plans to reduce immigration, impose wide-ranging tariffs, and cut taxes, all of which could push up inflation. SP Angel also added that gold buyers may also be preparing for more intense elections, but the Republican sweep may have led to such positions being dumped. (Golden Ten)