Gold Loses Some Luster After Trump's Decisive Win

By Yahoo! Finance | Nov 17, 2024 at 10:00 AM EST

Following Donald Trump's election victory, markets including stocks and Bitcoin surged, while gold faced a significant drop. Gold's safe-haven appeal diminished due to strong equity performance and a rallying dollar. Investors are opting for assets benefiting from Trump's policies, such as banks and industrials.

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