Gold is skyrocketing
as Donald Trump closes in on the U.S. presidency by Bob Bryan | November
Gold is taking off as the
results from the presidential election show the strong possibility
that Donald Trump will be the next president of the US.
The precious metal is up $47.10 an ounce
as of 11:36 p.m. ET at $1,321 an ounce. This is way up from
a $6 per ounce fall as the precious metal started evening
trading, and $31 per ounce above its high during trading
A falling gold price would indicate that
investors are pricing in a probable victory for Democratic
nominee Hillary Clinton. The thinking going that investors
would head to safe havens such as gold if Republican nominee
Donald Trump were to be elected as it would come as a surprise
Stock futures are collapsing and the Mexican
peso is tanking against the dollar, both are indications
that investors are expecting a Clinton victory.
Keep track of the results as they roll in
with our live blog.