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Trump's victory brings inflation concerns, gold price falls
Odaily Planet Daily News After Republican candidate Trump won the US presidential election, the price of gold fell. SP Angel analysts said that the surge in the US dollar and US bonds due to the election results weakened the attractiveness of gold, reflecting market concerns about the inflationary policies that the Trump administration may implement. Trump had previously talked about plans to reduce immigration, impose tariffs extensively, and cut taxes, all of which could potentially raise inflation. SP Angel added that gold buyers may also be preparing for more intense elections, but the Republican sweep may have led to dumping of such positions. (Oriental Wealth)