Rising bond yields, surging U.S. dollar send gold reeling The price of gold futures fell 3% Wednesday after former President Trump's decisive victory in Tuesday's election. Concerns that Trump's proposed policies could reignite inflation pushed bond yields and the U.

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.

Key Takeaways The price of gold has surged by roughly a third this year amid a "perfect storm" for the precious metal.Rising central bank purchases, declining interest rates, and geopolitical tension all have contributed to the rally;

Gold held steady as US election day begins, with a Federal Reserve interest rate decision also due later this week.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,

Gold prices remained flat for the second consecutive day as the world awaited Tuesday's U.S. presidential election results. Many experts have suggested that the potential winner of the race between former President Donald Trump and current Vice President Kamala Harris will not be known until Wednesday at the earliest.

After the U.S. elections gold is expected to rise due to geopolitical tensions while stock markets might take two or three years to reflect the impact of the administration.