Gold Silver Prices Dip on Trump Win

from SD Bullion · host SD Bullion

Trump's election win caused a dramatic drop in gold and silver prices, likely due to price intervention to prop up the failing dollar. A record COMEX futures volume spike accompanied the price swing. The CME created a 400 oz gold futures contract to appear to have more supply than exists, but there is believed to be insufficient physical gold available when true demand surges. India's central bank has repatriated and bought substantial gold as most poll respondents continue accumulating, with gold still undervalued compared to fiat currency.

Episode metadata supplied by the publisher feed · Published Nov 11, 2024

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Gold Silver Prices Dip on Trump Win

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