Rising bond yields, rallying stocks and a surging U.S. dollar all weighed on the price of gold in the wake of former President Trump's decisive election victory Tuesday.

Gold was steady as investors monitored a tight US election that could prove massively consequential for financial markets. Bullion was near $2,740 an ounce as a gauge of the dollar rose. Given the closeness of the race between Democrat Kamala Harris and Republican Donald Trump,

The real winners of 2024, according to Maharrey, are gold and silver. Statistics underscore their strong performance: Both metals have outperformed major stock indices like the NASDAQ, which posted a 24% gain, and even outpaced the broader commodity markets.

Gold prices slid more than 3% to a three-week low on Wednesday as investors piled into the U.S. dollar after Republican Donald Trump was elected U.S. president. Market participants were also looking a

Gold slumped with bond yields and the dollar pushing higher after a decisive election victory by Republican presidential candidate Donald Trump ended the uncertainty that has been hanging over US politics.

Gold was steady and the dollar surged as Republican nominee Donald Trump took an early lead in the US presidential election. Most Read from BloombergFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowParis Restricts Through Traffic in City CenterIstanbul Tries Free Public Transit to Help Job SeekersIn Warsaw,

Silver drops 5%, gold 3% as Trump wins election, sparking a broader commodities slide. A spike in 10-year yields and stronger dollar shift investors from metals to higher-yield assets.