This story is from November 18, 2024
Gold loses lustre after Trump's win
Donald Trump's victory immediately buoyed markets from stocks to Bitcoin. Gold is going to take a lot longer to turn things around.
In the two days following his win, Gold's performance was the worst in at least 13 US presidential election windows, according to Deutsche Bank. Gold prices have dropped almost 7% since election day, even as several other asset classes enjoy a post-campaign boost.
Gold's slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.
Gold's slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.
Top Comment
V
Vk
446 days ago
Gold can never loose lustre, ups and downs always happen. Anyways Trump has to end the Ukrainian war. Read allPost comment
Popular from Business
- India-US trade deal: Which Indian goods will face zero tariffs in America? Piyush Goyal lists out
- Wines & cosmetics: What Piyush Goyal said on India's zero tariffs on US products; check list
- India-US trade deal: Which American products are about to get cheaper in India
- From agricultural protection to preferential quota on auto: What each sector got in India-US trade deal
- 18% tariffs, boost to exports, agriculture protected: How India benefits from trade deal with US? Explained
end of article
Trending Stories
- IND vs USA LIVE: USA need 113 runs in 60 balls to beat India in Mumbai
- T20 WC: Romario Shepherd's hat-trick leads West Indies to victory over Scotland
- Ex-New York Jets linebacker Darron Lee arrested in Tennessee homicide case, charged with first-degree murder in girlfriend’s death
- BMC: BJP names Ritu Tawde as Mumbai mayoral candidate; Shiv Sena picks Sanjay Ghadi for deputy mayor
- 8 hours of silence: How Delhi biker fell into 20x14x13-foot killer pit; 'was within 200 metres of home'
- Milwaukee Bucks vs Indiana Pacers (02-06-2026) game preview: When and where to watch, expected lineup, injury report, prediction, and more
- When was the last New England Patriots Super Bowl win? A look back at their most recent title
Featured in Business
- Safe harbour regime may offer better post-tax cost and lower regulatory risk for MNCs: Sources
- India-Russia ties strong, built on trust and mutual respect: Russian Consul General Ivan Fetisov
- 8th Pay Commission update: Website goes live, inputs invited; top points government employees shouldn’t miss
- New draft Income Tax rules 2026 released: Simplified ITR forms, focus on easier compliance - what common taxpayers should know
- External factors unlikely to disrupt India-China trade as both back multilateral trade, says Consul General Qin Jie
10:55 India eyes full semiconductor value chain under ISM 2.0 with design firms in focus, says Ashwini Vaishnaw
Photostories
- Mukaish to Rabari: Underrated embroidery techniques in India that deserve more attention
- 7 most colourful birds of Indian forests
- The 50: Major Fights That Grabbed Attention
- 5 luxury sports cars that combine comfort with extreme power
- Thomas Edison once said, “I’ve not failed, I’ve just found 10,000 ways that won’t work”: 4 lessons it teaches students
- 6 celebrities who called out social media as ‘toxic’: Tom Holland, Selena Gomez, Kate Winslet, and more
- The ultimate footwear checklist every girl needs in her closet
- 5 mistakes to avoid when investing in under-construction projects
- From Anil Kapoor to Janhvi, meet ' Tu Yaa Main' actress Shanaya Kapoor’s star relatives
- Chennai airport soars: 80% on-time flights beat private giants
Up Next