• Sat, Feb 7, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

7 November 2024 20:56  |

Gold gains after 3% plunge on Trump win

Gold (XAU/USD) bounced back to $2,670 on Thursday after dropping 3% the previous day as President-elect Donald Trump secured victory in the US presidential election.

Gold drops 3.0% as Donald Trump wins election Gold’s sharp decline on Wednesday was partly a result of a stronger US Dollar (USD) due to Trump’s dollar-positive economic agenda and preference for pro-tariff protectionism. Since Gold is mostly priced and traded in USD, a stronger Dollar has a direct negative impact on its price.

Source: FXStreet

Related News

GOLD

Emas Bertahan Di Level $2730an di Sesi Tengah Hari AS

Harga emas stabil pada Senin (4/11), di tengah kehati-hatian investor menjelang pemilu Amerika Serikat (AS) dan keputusan suk...

4 November 2024 23:12
GOLD

Fed Rate Cut Bets Drive Gold to All-Time High

Gold prices extended gains to hit a record high on Friday on expectations of interest rate cuts by the Federal Reserve, while...

13 September 2024 21:27
GOLD

Global uncertainties propel gold to record high, silver soar...

Normal 0 false false false EN-US X-NONE X-NONE ...

21 October 2024 18:55
GOLD

Gold at Over One-Week Low on Firm Dollar, US Payrolls Data A...

Gold prices eased to their lowest in more than a week on Tuesday, pressured by a firm dollar, while investors awaited U.S. no...

4 September 2024 01:51
BIAS23.com NM23 Ai