Why Gold price is crashing
Though Donald Trump’s victory in the 2024 presidential election proved a catalyst for an exceptional rally in the stock and cryptocurrency markets, not all assets – or asset classes – were driven into an uptrend. Gold, the world’s biggest commodity, with a market capitalization exceeding $17 trillion, ended its long-standing rise with the November 6 results and entered a sharp decline, which sent its price from late October highs near $2,800 to the press time price of $2,547. The drop has been particularly sharp in the last five days of trading, leading to a 5.78% fall. Picks for you Elise Stefanik’s net worth revealed: How rich is Trump’s nominee for the US Ambassador to the United Nations? 58 mins ago Blockchain for Good Allia...