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What's Going On With Gold Today?

What's Going On With Gold Today? GLDXGDXNUGT

Gold is on a tear Wednesday, as the election of Donald Trump as the next president of the United States has sent traders scurrying towards safe havens. Riding on its safe haven appeal, the yellow metal has risen $7.20 to $1,281.70 an ounce.

The December futures have come substantially off its highs after being up about $64 to $1,338.30 an ounce. The sharp jump was the highest since the levels reached on June 24, in the aftermath of the Brexit vote in the United Kingdom.

The dollar is currently mixed, although it did come under selling pressure earlier on expectations that with Trump at the helm, an interest rate move is unlikely in the near terms. Dollar weakness is salubrious for gold, as the yellow metal is denominated in dollar.

Gold stocks, both big and small-cap stocks, and gold ETFs are also moving in tandem with the commodity.


Big/Mid-Cap Gold Miners

Small-Cap Gold Miners

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