Gold trading took a wild ride yesterday following Trump’s win. The generally-unexpected result in the US presidential election qualified as a “geopolitical event”, meaning something that affects international conditions. Certainly Trump’s campaign platform included several points that would affect international trade and finance, such as easing corporate cash flow back into the US and renegotiating or eliminating some trade agreements. So the market predictably shocked, until the realities of getting those things done came back to mind. Then things eased back into the current price range.
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