TechFlow news, November 6 — According to Jinshi, gold prices fell after Republican candidate Trump won the U.S. presidential election. SP Angel analysts said the dollar and U.S. Treasuries surged due to the election results, weakening gold's appeal, reflecting market concerns over inflationary policies likely under a Trump administration. Trump has previously discussed plans to reduce immigration, impose broad tariffs, and cut taxes—all of which could fuel inflation. SP Angel added that gold buyers may have also been positioning ahead of a tighter election outcome, but the Republican sweep likely triggered selling of such positions.
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