Gold slipped on Tuesday on a stronger dollar and as investors booked profits after the yellow metal hit a near three-month high in the previous session, amid safe-haven demand on the back of rising global political uncertainty. The dollar index, which measures the greenback against a basket of currencies, was up 0.7% at 100.610.
Gold and silver have started the new week how they ended the last one: higher. Last week saw silver extend its bullish run for the sixth straight week while gold recorded its fifth weekly gain in six. Correspondingly, it was the dollar’s fifth losing week in six as the Dollar Index fell below 100. U.S. stock markets ended the week higher, however, with the S&P 500 index extending its bullish run for the fifth consecutive week.
And like that, it happened. Despite the polls, despite what anyone believed was possible, including many of his own supporters, billionaire developer Donald J. Trump was sworn in as the 45th President of the United States.