Gold Plunged As Trump Victory Boosts Dollar

From puprime.com

Gold prices have plunged following Donald Trump’s win in the 2024 presidential election, which has driven both the dollar and Treasury yields higher. Treasury yields surged on expectations that a second Trump administration may introduce policies, like tariffs, likely to spur inflation, potentially prompting the Fed to slow its rate-cutting pace. The Republicans have also secured a majority in the Senate and are on course to win the House of Representatives, suggesting a possible Republican sweep in 2024. This scenario would simplify Trump’s ability to pass major policy changes, many of which could be ... (full story)