immigration
10,615 views
3 Posts
Hot
Latest
Trump’s Election Victory Drives Gold Prices Down Amid Inflation Concerns 🚨
After Republican candidate Donald Trump won the U.S. presidential election, #gold prices fell. Analysts at SP Angel explain that the surge in the dollar and U.S. Treasury yields, triggered by the election results, reduced gold’s appeal.
This reflects market concerns about potential #inflationary policies under Trump, who has proposed reducing #immigration , imposing tariffs, and cutting taxes, all of which could raise inflation. SP Angel adds that some gold buyers may have anticipated a more contested election outcome, but the Republican sweep led to the sell-off of such positions.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
After Republican candidate Donald Trump won the U.S. presidential election, #gold prices fell. Analysts at SP Angel explain that the surge in the dollar and U.S. Treasury yields, triggered by the election results, reduced gold’s appeal.
This reflects market concerns about potential #inflationary policies under Trump, who has proposed reducing #immigration , imposing tariffs, and cutting taxes, all of which could raise inflation. SP Angel adds that some gold buyers may have anticipated a more contested election outcome, but the Republican sweep led to the sell-off of such positions.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
