Gold prices surpass $4,130 as US election results drive down dollar and Treasury yields
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- 1Gold prices continued their upward trend, surpassing the $4,130 per ounce mark on Thursday.
- 2Spot gold prices surged 1.9% to record $4,138.51 at 23:55 US Eastern Time.
- 3The Democratic Party's election victory triggered a broad decline in the US dollar and Treasury yields.
So what's the key point?
Gold prices rose above $4,130 following the US election results. This means gold prices increased significantly as the value of the dollar weakened.
Source Bloomberg +3 · View original ↗
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