Gold Prices Settle Lower After Trump's Election Win Feeds a Volatile Session

By Myra P. SaefongMarketsMarketWatch Pulse

Gold futures reversed course late in Wednesday’s regular trading session to settle lower as U.S. equities climbed and the dollar strengthened in the wake of Republican Donald Trump's victory in the U.S. presidential election. The risk-on sentiment among investors drew interest away from the precious metal. December gold settled at $1,273.50 an ounce, down $1, or less than 0.1%. Prices had climbed by as much as 5% overnight as the elections results rolled in.

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