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Gold Corrects Sharply As Equity Markets Rally

by CDN Publishing

Published on November 11, 2016

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After the initial spike in the gold spot price in the hours after the conclusion of the Presidential election, gold has slumped back down to close the week at $1,227. T

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After the initial spike in the gold spot price in the hours after the conclusion of the Presidential election, gold has slumped back down to close the week at $1,227. The highest point reached on November 9th was $1,331, on the 10th it was $1,288, and now today (Friday) its highest price was $1,260, until selling off sharply in the final hours of trading. Meanwhile, the Dow Jones Industrial Average is back hovering around its all time highs.

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