{"id":18609,"date":"2024-11-15T10:36:17","date_gmt":"2024-11-15T08:36:17","guid":{"rendered":"https:\/\/forklog.com\/en\/trumps-victory-shifts-investor-interest-from-gold-to-cryptocurrencies\/"},"modified":"2024-11-15T10:36:17","modified_gmt":"2024-11-15T08:36:17","slug":"trumps-victory-shifts-investor-interest-from-gold-to-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trumps-victory-shifts-investor-interest-from-gold-to-cryptocurrencies\/","title":{"rendered":"Trump’s Victory Shifts Investor Interest from Gold to Cryptocurrencies"},"content":{"rendered":"

The price of gold has reached a two-month low at $2543, losing over 7% in the first week following the U.S. presidential election. At the time of writing, the metal is trading at $2561.<\/p>\n

\"Trump's
2-hour XAU\/USD chart by Quanda. Data: TradingView<\/a>.
<\/figcaption><\/figure>\n
\n

\u201cThe bull market in gold and silver has paused, which may last for a couple more weeks,\u201d commented Citi’s head of commodity research, Maximilian Layton.<\/a><\/p>\n<\/blockquote>\n

In his view, Donald Trump’s rise to power with promises of tax cuts and a stronger dollar has prompted investors to shift capital from precious metals to equities.<\/p>\n

The cryptocurrency market also reacted with growth, and the correlation between bitcoin and gold prices fell to an 11-month low of -0.36.<\/p>\n

Nevertheless, the expert noted that the fundamental qualities of metal as a safe-haven asset remain relevant. The new U.S. administration’s policies, including Trump’s proposal<\/a> to increase import tariffs, raise concerns among investors, leading them to buy gold to hedge risks.<\/p>\n

Due to rising geopolitical tensions and uncertain economic prospects, demand from central banks in the U.S. and other countries will also remain<\/a> high, according to analysts at Canaccord Genuity.<\/p>\n

Back in the run-up to the U.S. presidential election, JPMorgan analysts predicted that Trump’s victory would lead to a rise in cryptocurrencies and gold.<\/p>\n","protected":false},"excerpt":{"rendered":"

The price of gold has reached a two-month low at $2543, losing over 7% in the first week following the U.S. presidential election. At the time of writing, the metal is trading at $2561. 2-hour XAU\/USD chart by Quanda. Data: TradingView. \u201cThe bull market in gold and silver has paused, which may last for a […]<\/p>\n","protected":false},"author":1,"featured_media":18608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,536],"class_list":["post-18609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-gold"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18609"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18608"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}