video Finance Videos
Trump victory taking shine off gold
Monday, November 14, 2016 - 01:58
Amid signs of a more tempered Trump and optimism his policies could spur economic growth gold prices plung in the days following the president-elect’s victory speech.
▲ Hide Transcript
▶ View Transcript
The moment Donald J Trump secured the US Presidential election and a glittering political future…was conversely the moment that gold starting losing its luster… While investors piled into the safe-haven when polls showed Trump's chances for victory were becoming a reality, now that's he's won, they are selling… And part of this is due to promises like this… SOUNDBITE: U.S. PRESIDENT-ELECT, DONALD TRUMP, (ENGLISH) SAYING: "We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals. We're going to rebuild our infrastructure. Which will become, by second to none. And we will put millions of our people to work as we rebuild it." Amid signs of a more tempered Trump and optimism his policies could spur economic growth, gold prices plunged in the days following the president-elect's victory speech. Over the course of the week, the precious metal lost over 5% of its value, eventually closing at just over 1227 dollars on Friday. SOUNDBITE: NAEEM ASLAM, CHIEF MARKET ANALYST AT THINK MARKETS (ENGLISH) , SAYING: "Everyone was expecting now there is a possibility of trade wars and the possibility of another war in the GCC (Gulf coast countries) or how he is going to trade there. But in his acceptance speech he literally said okay that's not going to happen. Going forward I'm going to use more analytical and strategic method and that's how I'm going to run this country. Hence, we're seeing the sell off." The market is also now betting on the Federal Reserve raising interest rates more quickly. Gold is highly sensitive to rising rates, which lift the opportunity cost of holding non-interest bearing gold.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Trump victory taking shine off gold
Monday, November 14, 2016 - 01:58
Top News »
1:40pm GMT - (1:09)
Sun, 17 Feb, 2019 - (2:04)
Sun, 17 Feb, 2019 - (2:04)
Sat, 16 Feb, 2019 - (1:19)
Sat, 16 Feb, 2019 - (1:12)
Sat, 16 Feb, 2019 - (1:12)
Sat, 16 Feb, 2019 - (0:55)
Sat, 16 Feb, 2019 - (1:09)
Fri, 15 Feb, 2019 - (1:03)
Fri, 15 Feb, 2019 - (1:45)
Fri, 15 Feb, 2019 - (1:59)
Editors' Picks »
7:35am GMT - (1:52)
Fri, 15 Feb, 2019 - (1:55)
Thu, 14 Feb, 2019 - (2:50)
Thu, 14 Feb, 2019 - (2:00)
Thu, 14 Feb, 2019 - (1:24)
Thu, 14 Feb, 2019 - (1:58)
Thu, 14 Feb, 2019 - (1:15)
Wed, 13 Feb, 2019 - (1:40)
Wed, 13 Feb, 2019 - (1:40)
Tue, 12 Feb, 2019 - (1:48)
Business »
4:13pm GMT - (1:37)
Fri, 15 Feb, 2019 - (2:04)
Fri, 15 Feb, 2019 - (1:06)
Fri, 15 Feb, 2019 - (6:42)
Fri, 15 Feb, 2019 - (1:56)
Fri, 15 Feb, 2019 - (1:43)
Fri, 15 Feb, 2019 - (1:48)
Fri, 15 Feb, 2019 - (4:04)
Featured Videos
Spectacular World Cup of Snowkiting gets going in Italy
Snowkiters race across a frozen lake in Italy on either skis or snowboards to compete in the Snowkite World Cup
Living dangerously, one foot at a time, in 'Free Solo'
Climber Alex Honnold's death-defying ascent of El Capitan in California's Yosemite National Park is taking him to the Oscars, where a film about his feat will compete for the movie world's highest honour
The elusive black panther is spotted in Kenya
Images of a rare African black leopard - known as panthers - have been captured in Kenya, the first verifiable record of the animal for nearly 100 years
Meghan being harassed just like Diana - George Clooney
The media are harassing Meghan Markle just as they did Princess Diana, who was killed in a car crash while being pursued by paparazzi, her friend George Clooney says
Palm oil's PR battle turns to satellite imagery
Companies including Nestle, Unilever, and Ferrero are increasing the use of satellite imagery programs to monitor their palm oil supply chains. Critics say it may boost a corporation's green credentials, but does little to stop mass deforestation
Technology »
12:55pm GMT - (1:34)
11:40am GMT - (1:22)
Fri, 15 Feb, 2019 - (1:20)
Fri, 15 Feb, 2019 - (1:13)
Tue, 12 Feb, 2019 - (1:22)
Tue, 12 Feb, 2019 - (1:39)
Mon, 11 Feb, 2019 - (1:32)
Fri, 08 Feb, 2019 - (2:05)
Thu, 07 Feb, 2019 - (1:38)
Wed, 06 Feb, 2019 - (1:27)
Entertainment »
6:58am GMT - (1:50)
4:41am GMT - (1:49)
1:11am GMT - (2:23)
Sun, 17 Feb, 2019 - (2:08)
Sun, 17 Feb, 2019 - (2:09)
Sun, 17 Feb, 2019 - (1:05)
Sun, 17 Feb, 2019 - (1:02)
Sun, 17 Feb, 2019 - (1:45)
Sun, 17 Feb, 2019 - (0:45)
Sat, 16 Feb, 2019 - (0:56)
Sat, 16 Feb, 2019 - (1:12)
Fri, 15 Feb, 2019 - (1:24)
Sports And Leisure »
7:39am GMT - (1:50)
7:38am GMT - (1:40)
7:38am GMT - (1:29)
7:37am GMT - (0:54)
Thu, 14 Feb, 2019 - (1:27)
Thu, 14 Feb, 2019 - (0:45)
Thu, 14 Feb, 2019 - (1:01)
Wed, 13 Feb, 2019 - (1:32)
Wed, 13 Feb, 2019 - (1:00)
Wed, 13 Feb, 2019 - (0:50)
Oddly Enough »
Sun, 17 Feb, 2019 - (0:50)
Fri, 15 Feb, 2019 - (0:42)
Fri, 15 Feb, 2019 - (1:36)
Thu, 14 Feb, 2019 - (1:01)
Thu, 14 Feb, 2019 - (0:59)
Thu, 14 Feb, 2019 - (1:34)
Thu, 14 Feb, 2019 - (1:26)
Wed, 13 Feb, 2019 - (0:49)
Tue, 12 Feb, 2019 - (0:40)