Donald Trump gives gold its biggest rally since Brexit
Metal jumps 5% in risk-off trade as the Republican candidate leads Democrat Hillary Clinton in the race for the White House
09 November 2016 - 08:23
Bengaluru — Gold jumped nearly 5% on Wednesday to its strongest in six weeks as investors snapped up safe havens with Republican Donald Trump leading Democrat Hillary Clinton in the race for the White House. It marked gold’s biggest single-day gain since June 24 when it rose as much as 8% when Britain decided to leave the EU. It closed up 4.8% that day. A Trump win, which many see could lead to economic and global uncertainty, may also push the US Federal Reserve to hold off from raising interest rates in December, further burnishing gold’s draw, analysts say.
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