Donald Trump’s Favourite Metal Is Loving The Election Result

Spot gold is up as much as 4.8 percent on the day. That’s the sort of increment precious-metals traders can usually expect to see less than once a year. It’s now occurred three times in 2016. Gold rarely moves more than about 1 percent in a day, and it’s only shifted more than 4 percent on 13 occasions since the start of 2000. Five of those events happened over a four-month period at the peak of the global financial crisis. The question for traders at this point is not so much what happens immediately, but whether the metal will hold or lose its gains as investors get a better handle on the political state of play and cut their flight-to-safety trades.