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Donald Trump’s victory immediately buoyed markets from stocks to Bitcoin. Gold is going to take a lot longer to turn things around.
In the two days following his win, Gold’s performance was the worst in at least 13 US presidential election windows, according to Deutsche Bank. Gold prices have dropped almost 7% since election day, even as several other asset classes enjoy a post-campaign boost.
Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.
