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Gold’s “Trump Dump” Might Not Last
Gold remains below record highs posted before the US presidential race. The yellow metal’s 2024 rally had been muted following this pivotal political contest, but analysts argue the current “Trump dump” isn’t only short-lived but entirely predictable. Leading fund managers put forth a gold-positive thesis that the fundamentals driving the precious metal are strong enough to push past any potential headwinds caused by the new administration. Following a relentless 35% upsurge, gold prices cooled off by around 8% in the post-election environment. This relatively minor drop seemed more dramatic given prices had ... (full story)
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- Posted: Jan 9, 2025 8:33pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 217
