As expected, gold jumped after Donald Trump was declared the winner of the US presidential election.
But was the move significant?
The Gold Enthusiast thinks not. We will continue to say “the charts don’t lie” when it comes to price!
It’s all about perspective. Gold only popped to about where it was Friday. That’s not much of a move.
And it doesn’t look like it’ll stay there, at least today. As I write this we’re about 20 minutes into regular trading hours, and gold is dropping pretty quickly back down toward where it was yesterday.