Commodities
Gold Loses Some Luster After Trump’s Decisive Win
The definitive outcome removed a huge political uncertainty in the world’s largest economy, muting demand for everyone’s favorite safe-haven investment.
Gold has dropped in value since the US election.
Photographer: Chalinee Thirasupa/BloombergThis article is for subscribers only.
Donald Trump’s victory immediately buoyed markets from stocks to Bitcoin. Gold is going to take a lot longer to turn things around.
In the two days immediately following the Republican candidate’s win, the precious metal’s performance was the worst in at least 13 US presidential election windows, according to Deutsche Bank. Gold prices have dropped almost 7% since Election Day, even as several other asset classes enjoy a post-campaign boost.