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Gold is suddenly not so glittery after Trump's White House victory
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FILE - Gold bars are shown stacked in a vault at the United States Mint on July 22, 2014 in West Point, N.Y. - photo by AP Photo/Mike Groll, File
NEW YORK (AP) — After ripping higher for much of this year, the price of gold has suddenly become not so golden since Donald Trump's victory in the presidential election. Gold fell more than 4% in the four days since Election Day, when the broad U.S. stock market climbed nearly 4%. That's even though investors are expecting a Trump White House to drive tax rates lower and tariffs higher.