What is gold saying about Trump?
Amidst the larger drama of the election last Tuesday, the financial markets staged their own little drama. When the Dow futures plummeted by hundreds of points as it began to look as though Donald Trump would achieve a surprise victory, some people hastily jumped to the conclusion that financial markets feared a Trump presidency. Not so.
While markets were momentarily spooked by an outcome that they had not anticipated, it didn’t take long for market participants to recalibrate their expectations.