Gold price falls after Trump wins election
Portfolio Pulse from
Gold prices fell following Donald Trump's victory in the US presidential election, accompanied by a rise in US Treasury yields, the US dollar, and equities.
November 06, 2024 | 5:30 pm
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NEGATIVE IMPACT
The price of gold fell after Donald Trump's election victory, which could negatively impact AAAU, a gold-backed ETF.
AAAU is a gold-backed ETF, and its value is directly tied to the price of gold. The fall in gold prices due to Trump's election victory is likely to negatively impact AAAU in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80