Gold, which is typically regarded as a safe-haven commodity during times of political and economic uncertainty, plummeted in response to the election victory of former President Donald Trump, according to Kitco NEWS. The news marks a significant shift in investor sentiment, implying a decrease in risk aversion.nnExperts suggest this decrease in gold price is likely due to Trump’s pro-business policies which may foster a favorable environment for economic growth. Such growth tends to diminish the attractiveness of gold as a ‘risk-off’ investment. nnHowever, the political landscape is dynamic, and investors are advised to keep an eye on global developments that could sway gold prices. With market unpredictability, it is essential that investors stay informed and make calculated decisions. Read More
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