Gold is suddenly not so glittery after Trump's White House victory

Gold fell more than 4%

It's down 7% now. Seems to suggest the US dollar will be stronger under Trump. Sounds like a vote of confidence in his ability.

Gold is a safe haven for an expectation that bad things are going to happen.

that’s why it was rocketing up during Biden and now sliding down now that Trump is back.

Gold is always a great investment, stay the course.

Seems to suggest the US dollar will be stronger under Trump

...nah, just less or no war under Trump.

old is a safe haven for an expectation that bad things are going to happen.

that’s why it was rocketing up during Biden and now sliding down now that Trump is back.

exactly.

There will also be less talk of personal bomb shelters as President Trump solidifies the US as the world's policeman. (a thankless job)

“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.”

We're about to enter the 2nd phase again.

Thank you, American voters!

Just about every article published on JT just has to put an anti-Trump spin on everything.

I'm with the other posters here in thinking that a drop in the gold price has positive aspects, especially as an indicator of economic optimism. I have gold, but as it doesn't earn interest I'd rather have a healthy economy that generates good income prospects than a store of metal that's really only great if the SHTF.

Just about every article published on JT just has to put an anti-Trump spin on everything.

Truth. I've yet to ever read anything positive regarding Trump on JT.

Gold is money.

I don’t blame JT, they are just posting articles written by overseas legacy media, which are all infested with bias.

Gold is down for now, but if the new admin including house don’t deliver on getting govt spending (the real problem - not growing tax revenues) under control gold will be doing well again. And it’s only a matter of years and elections before the US government does start spending like crazy again.

That's even though investors are expecting a Trump White House to drive tax rates lower and tariffs higher.

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Such a combination could push the U.S. government's debt and inflation higher, which are both things that can help gold's price.

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Pushing government debt higher and increasing inflation is not good.

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Tariffs and trade wars instigated by the United States could push down the value of the euro and other countries' currencies, and a strong U.S. dollar makes it more expensive for buyers using those other currencies to purchase gold.

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Other countries value dropping against the US dollar is not good for the USA.

It would make USA exports more expensive and less desirable.

It would make imports to the USA cheaper and more desirable.

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DT would then increase/make more tariffs, which will then most likely make the dollar even stronger and USA exports even less desirable.

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(The USA importers will make more by not passing on the reduced costs.)

USA Importer pays $1 and sells at $1.50 = profit 50 cents

Dollar gets stronger

USA Importer pays $0.80 and sells at $1.50 = profit 70 cents.

(gets more when exchanging other currency into dollar)

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USA Exporter pays $1 and sells in the USA for $1.50 = profit 50 cents.

Dollar gets stronger

USA Exporter pays $1.20 and sells in the USA for $1.50 = profit 30 cents.

(gets less when exchanging other currency into dollar)

USA Exporter passes on costs to customer and price goes up in USA and demand for product drops.

Down goes exporter profits again.

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In the past when US$1.60 = £1 i bought DvDs / books / etc from the USA.

(Sellers in the UK were changing the $ to £ sign but kept the amount the same.

There fore to buy item in the UK it would cost 60% more)

Buying from the USA, add shipped and import duties (20%) USA was cheaper.

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Now it is US$ 1.30 = £1

It is no longer worth getting DvDs / books / etc from the USA.

I just get them somewhere else or wait for the DvD / books / etc to be sold in the United Kingdom.

USA Importer pays $0.80 and sells at $1.50 = profit 70 cents.

(gets more when exchanging other currency into dollar)

Should read

USA Importer pays (less costs) $0.80 and sells at $1.50 = profit 70 cents.

(pays less when exchanging dollar into the other currency)

fxgai, spending has got very little to do with gold. Invasion of Ukraine is the main driver, before, during and soon after under Trump Russia can stop relying on gold for trade and funding of war.

NASDAQ down 2% today. Sugar high from impending tax cuts over.

Inflation adjusted gold price charts look more like a chart of the US national debt to GDP ratio than anything else.