Gold price

2024 - 11 - 7

Gold Dips Like Your Ex's Interest After Trump's Win!

Economic Forecasts - Gold Prices - Investing - Precious Metals Trading - Trump Election Impact

Gold prices tumble following Trump's victory! What's next for your precious metals? Find out here!

As the world woke up to the news of Donald Trump’s victory in the US presidential election, markets reacted with all sorts of chaos – including a significant dip in gold prices worldwide. In Malaysia, gold prices fell to 376.75 Malaysian Ringgits (MYR) per gram on November 7, 2024, signalling a broader sentiment of profit-taking and an optimistic outlook on the economy. With the dollar gaining strength, it seems like precious metals just didn’t stand a chance against this political power shift!

While you might think gold is a safe haven during turbulent times, the post-election market optimism has pushed investors toward higher returns typically associated with the dollar and treasury yields. With Trump at the helm, commodities markets are bracing for a potential global trade conflict that could send markets reeling and affect economies in Europe and Asia. So, if you thought your gold investments were golden, think again – they might just be exposed to some global drama!

Globally, gold prices are seeing a slump, with reports of a staggering 5.17% drop observed recently in Vietnam as well. It's not just Malaysia -- the gold dip echoes across the globe! Traders are taking profits from earlier gains, adding to the downward pressure on gold prices, and leading many to question if this will impact demand for gold jewelry or investments.

So what’s next for gold? Experts believe that while short-term fears over price fluctuations create a rocky road ahead, the longer-term prospects may shine brightly due to persistent uncertainties around trade and inflation. Enthusiasts or new investors looking to hold their wealth in gold are surely pondering whether now is the time to buy the dip or wait for recovery!

**Did you know?** Though gold is considered a reliable investment, it is currently the most volatile precious metal since its prices can swing drastically based on economic and political factors. Also, historical trends have shown that during financial crises, gold prices often surge as people flock to secure stores of value - just a fun fact to ponder as you check your gold stocks!

**Another interesting tidbit?** Trump’s win isn't just impacting the US; markets around the globe, including Malaysia's, are feeling the waves! So, while some might be stacking gold, others are stacking their luck – better hold onto that 'precious' feeling just in case!

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Image courtesy of "FXStreet"

Gold price in Malaysia: Rates on November 7 (FXStreet)

Gold prices fell in Malaysia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 376.75 Malaysian Ringgits (MYR) per gram, ...

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Image courtesy of "MINING.com"

Gold price falls after sweeping Trump win boosts dollar (MINING.com)

Trump's win could translate into a global trade conflict that will trouble commodities markets as it drags in Europe and key Asian economies.

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Image courtesy of "Economic Times"

gold price per gram: Gold Price Today: Yellow metal prices fall by Rs ... (Economic Times)

Gold and silver prices dipped to a near one-month low following Donald Trump's victory in the US presidential election. The dollar index and US bond yields ...

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Image courtesy of "FXStreet"

Gold price loses ground due to solid US Dollar following Trump's ... (FXStreet)

Precious metals are under pressure as safe-haven flows decline due to market optimism. The non-yielding XAU/USD faces challenges as US Treasury yields trade ...

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Image courtesy of "South China Morning Post"

Will gold gain lustre in wake of Trump's election win? (South China Morning Post)

Price falls as investors take profits from earlier gains, but longer-term prospects are bullish due to trade and inflation uncertainties.

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Image courtesy of "VnExpress International"

Gold price plunges 5% (VnExpress International)

Gold ring price plunged 5.17% to VND84.4 million (US$3320.87) per tael Thursday morning, following the tumble of the precious metal on the global market.

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Image courtesy of "Livemint"

Gold and silver prices today on 07-11-2024: Check latest rates in ... (Livemint)

Gold And Silver Prices Today: 10 gm of 24 carat gold was at Rs.80523.0 in Delhi whereas 1 kg of silver was Rs.99100.0 in Delhi.

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Image courtesy of "FXStreet"

Gold price in India: Rates on November 7 (FXStreet)

Gold prices fell in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 7,200.05 Indian Rupees (INR) per gram, ...

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Image courtesy of "Economic Times"

Trump's victory sparks a bullion promises: Gold price falls - The ... (Economic Times)

"Gold prices have fallen following the strengthening of the dollar after Donald Trump gave a speech following his victory in the US elections," said ...

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Image courtesy of "Business Standard"

Gold rises Rs 10, silver falls Rs 100, yellow metal trading at Rs 80360 (Business Standard)

The price of 22-carat gold witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 73660.

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Image courtesy of "FXStreet"

Gold price in Philippines: Rates on November 7 (FXStreet)

FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily ...

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Image courtesy of "The Jerusalem Post"

Silver Price Drops 5%, Gold Price Loses 3% as Trump Wins the ... (The Jerusalem Post)

Silver drops 5%, gold 3% as Trump wins election, sparking a broader commodities slide. A spike in 10-year yields and stronger dollar shift investors from ...

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Image courtesy of "MarketPulse"

Gold Prices Plunge as Trump Triumphs: What's Next for XAU/USD? (MarketPulse)

Gold prices plummet as Trump's election victory boosts the US dollar and Treasury yields. Market sentiment shifts towards higher interest rates, ...

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Image courtesy of "CNBCTV18"

Gold prices fall to multi-week lows after Trump win: Should you buy ... (CNBCTV18)

The primary factor behind the recent drop in gold prices is the US election results. Trump's victory has prompted market shifts, as investors now speculate ...

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Image courtesy of "Hindustan Times"

Today Gold Rate 07-11-2024: Check latest prices in your city (Hindustan Times)

Today Gold Rate: The price of 10 gm of 24 carat gold is Rs. 80523.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 99100.0/Kg in Delhi.

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Image courtesy of "CBS News"

Gold's price is plunging. Is this the right time to buy in? (CBS News)

Financial downturn concept with gold bars and falling stock market graphs. It could pay off to buy into gold now that the price is plunging. Getty Images. Gold ...

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Image courtesy of "Economic Times"

Trump's win shifts market sentiment on Fed rate cut, pressures gold ... (Economic Times)

Gold prices sharply declined in India and globally on November 7, following Donald Trump's election win. In India, 24k gold dropped to Rs 61136/8g in Delhi.

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Image courtesy of "Livemint"

Gold prices may see short-term correction after US election results ... (Livemint)

Analysts anticipate further short-term pressure on gold rates due to political and economic factors impacting the bullion's safe-haven appeal. MCX gold prices ...

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Image courtesy of "FXStreet"

Gold price in Malaysia: Rates on November 8 (FXStreet)

FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily ...

Gold Price Forecast: Reversal or Pullback? (City Index)

Gold prices were smashed on the night of the election, similar to what showed in 2016 when the US Dollar posed a stark turn-around on news that Donald Trump ...

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Image courtesy of "Reuters"

Gold rises as traders brace for Fed rate decision (Reuters)

Gold prices rose on Thursday but traded near a three-week low, as market participants awaited an expected rate cut decision by the U.S. Federal Reserve ...

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Image courtesy of "FXStreet"

Gold price in Philippines: Rates on November 8 (FXStreet)

FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily ...

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Image courtesy of "FXStreet"

Gold price in India: Rates on November 8 (FXStreet)

Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 7,313.17 Indian Rupees (INR) per gram, ...

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Image courtesy of "Economic Times"

gold price today: Gold Price Today: Yellow metal prices fall by Rs ... (Economic Times)

Gold and silver prices saw a slight dip in Friday's early trading on MCX. This follows a month of decline for both metals, despite a recent recovery spurred ...

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Image courtesy of "Business Standard"

Gold price dips Rs 10 to Rs 78550, silver falls Rs 100 to Rs 92900 (Business Standard)

The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 71990.

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Image courtesy of "Livemint"

Gold price today: Yellow metal declines after Fed cuts rates by 25 ... (Livemint)

Gold prices fell in the domestic futures market this morning due to profit booking after the US Federal Reserve's expected 25 basis point rate cut.

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Image courtesy of "FXStreet"

Gold price hovers around $2690 as Fed cut reinforces safe-haven ... (FXStreet)

Gold prices held firm and posted gains of over 1% after the Federal Reserve (Fed) lowered interest rates by 25 basis points (bps), as expected.

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Image courtesy of "Hindustan Times"

Today Gold Rate 08-11-2024: Check latest prices in your city (Hindustan Times)

Today Gold Rate: The price of 10 gm of 24 carat gold is Rs. 78733.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 96100.0/Kg in Delhi.

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Image courtesy of "Livemint"

Gold and silver prices today on 08-11-2024: Check latest rates in ... (Livemint)

Gold And Silver Prices Today: 10 gm of 24 carat gold was at Rs.78733.0 in Delhi whereas 1 kg of silver was Rs.96100.0 in Delhi.

Gold Forecast: XAU/USD appears stuck between key technical ... (FXStreet)

The US Dollar pauses decline with Treasury bond yields, as traders digest the Trump win and Fed rate cut. Gold price remains stuck between two key Fibo levels ...

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Image courtesy of "Moneycontrol.com"

Gold prices fall 1.95% on November 7, yellow metal ends trade at ... (Moneycontrol.com)

The commodity is still below the Rs 79,362 mark, which it had hit on October 30, 2024. For gold futures expiring on December 5, 2024, the closing price was Rs ...

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