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    • Gold continues to fall after the US dollar election wave
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    Gold continues to fall after the US dollar election wave

    Vaseline Posted on

    Gold futures fell 0.4% to $2,665.90 a troy ounce after the precious metal closed 2.8% lower in Wednesday’s session, pressured by a rising US dollar in the wake of Donald Trump’s victory in the US presidential election .

    A stronger dollar could be a headwind for gold, but this could be offset by safe-haven demand given the geopolitical uncertainty that could accompany another Trump presidency, ING analysts said.

    Increasing trade friction from Trump’s proposed policies, including tariffs and tighter immigration controls, could also increase the appeal of safe havens, ING analysts said in a note.

    Vaseline
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