{"id":125877,"date":"2024-11-14T21:37:48","date_gmt":"2024-11-14T14:37:48","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=125877"},"modified":"2024-11-14T21:37:48","modified_gmt":"2024-11-14T14:37:48","slug":"gold-is-suddenly-not-so-glittery-after-trumps-white-house-victory","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=125877","title":{"rendered":"Gold is suddenly not so glittery after Trump&#8217;s White House victory"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>NEW YORK (AP) \u2014 After ripping higher for much of this year, the price of gold has suddenly become not so golden since Donald Trump\u2019s victory in the presidential election. <\/p>\n<p>Gold fell more than 4% in the four days since Election Day, when the broad U.S. stock market climbed nearly 4%. That\u2019s even though investors are expecting a Trump White House to drive tax rates lower and tariffs higher. Such a combination could push the U.S. government\u2019s debt and inflation higher, which are both things that can help gold\u2019s price.<\/p>\n<p>That\u2019s left gold at $2,618 per ounce, as of late Monday, down from a record of roughly $2,800 set late last month. It also means gold has lost some luster as the best performing investments of the year. The largest exchange-traded fund that tracks the price of gold has seen its gain for 2024 drop back below 27% from nearly 35% a couple weeks earlier. <\/p>\n<p>What\u2019s going on? Part of the decline has coincided with the strengthening of the U.S. dollar against other major currencies. Tariffs and trade wars instigated by the United States could push down the value of the euro and other countries\u2019 currencies, and a strong U.S. dollar makes it more expensive for buyers using those other currencies to purchase gold. <\/p>\n<p>Trump\u2019s preference for lower taxes and higher tariffs is also forcing Wall Street to ratchet back expectations for how many cuts to interest rates the Federal Reserve will deliver next year. Fewer rate cuts would mean Treasury bonds pay more in interest than previously expected, and that in turn could hurt gold\u2019s price. Gold, which pays its owners zero dividends or income, can look less attractive when bonds are paying more. <\/p>\n<p>Gold, of course, still has its reputation for offering a safer place for investors when things are shaky around the world. Whether it\u2019s been because of wars or political strife, investors often flock to gold when they\u2019re not feeling confident about other investments. And with wars still raging in the Middle East, Ukraine and elsewhere, while political tensions still seem as high as ever, gold will likely stay in many investors\u2019 portfolios. <\/p>\n<p>\u201cGold continues to be the safe haven asset class of choice for both investors and central banks,\u201d according to money managers at Robeco, which handles investments for big institutional investors. <\/p>\n<\/p><\/div>\n<p><script>\n  window.fbAsyncInit = function() {\n      FB.init({\n              appId : '870613919693099',\n          xfbml : true,\n          version : 'v2.9'\n      });\n  };\n  (function(d, s, id){\n     var js, fjs = d.getElementsByTagName(s)[0];\n     if (d.getElementById(id)) {return;}\n     js = d.createElement(s); js.id = id;\n     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n     fjs.parentNode.insertBefore(js, fjs);\n   }(document, 'script', 'facebook-jssdk'));\n<\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/apnews.com\/article\/gold-trump-election-4d82f7c10c003a8ba2a9a4813befe266\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (AP) \u2014 After ripping higher for much of this year, the price of gold has suddenly become not so golden since Donald Trump\u2019s victory in the presidential election. &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=125877\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-125877","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125877"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125877\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}