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Trump's victory resulted in a Waterloo for gold, with the spot gold price plummeting over $230 from its high.
① On Thursday morning in the European market, spot gold was quoted at $2,555.98 per ounce, having fallen over $230 since the historical high on October 31. ② Analysts state that the decline in gold prices is mainly due to a shift in risk appetite and a strengthening dollar after Trump's victory. Citigroup expects that the bullish market for precious metals may pause for a few weeks. ③ Observers remain bullish on the fundamentals of gold, believing that demand from central banks for gold will remain strong.
Metal Prices Slide as Stronger Dollar Continues to Add Pressure -- Market Talk
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smoothshoe : No mention of $AMERICAN RARE EARTHS LTD (ARRNF.US)$ $MP Materials (MP.US)$
Kevin Matte OP : They could have talked about it but they usually focus on uranium, it was an exception that he talked about other metals. Thank you, these are companies that I didn't know about that I'm going to keep an eye on ^^