December Comex Gold futures are trading sharply higher at 0250 GMT as Republican candidate Donald Trump held slight leads in several key swing states in
December Comex Gold futures are trading sharply higher at 0250 GMT as Republican candidate Donald Trump held slight leads in several key swing states in the race for the White House against Democratic candidate Hillary Clinton.
U.S. stock markets are plunging with the Dow down as much as 750 points. The U.S. Dollar is also trading sharply lower. The big gainers are the safe haven markets – Japanese Yen, Euro and Gold.
Daily December Comex Gold
The markets are shook up because Clinton represents the status quo and Trump is the unknown or the outsider. If Trump wins, there is going to be more uncertainty in the markets which will lead to more volatility, making gold an attractive investment.
The U.S. Gold futures market is currently trading at $1320.00, up $45.00 or +3.55%.
James Hyerczyk is a U.S. based seasoned technical analyst and educator with over 40 years of experience in market analysis and trading, specializing in chart patterns and price movement. He is the author of two books on technical analysis and has a background in both futures and stock markets.
