Analyst: Trump's victory brings inflation concerns, gold prices fall

After Republican candidate Trump won the US presidential election, gold prices fell. SP Angel analysts said that the surge in the dollar and US bonds due to the election results weakened the appeal of gold, reflecting market concerns about inflationary policies that might be introduced by a Trump administration. Trump had previously talked about reducing immigration, imposing broad tariffs and tax cuts, all of which could push up inflation. SP Angel added that gold buyers may also have been preparing for a more intense election, but a Republican sweep may have led to selling off such positions.