This was election week in the U.S., and after Donald Trump’s victory on Wednesday, the gold price had a drastic fall. This is your weekly recap of gold prices, few days after the U.S. election.

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Gold Price Falling? (Gold Price Weekly Recap)

The gold price started the week off 1281.21 USD/oz, but fell to 1258.56 USD/oz a day after Donald Trump’s victory. Today it seems that the gold price is still falling but many still believe that the gold price is going to sky rocket and may even pass 1,400 USD/oz. The demand for gold has gone up since the U.S. election which will cause the gold price to start rising back up. The gold price today is 1223.37 USD/oz.

Canadian Bullion Services is an international precious metals dealer headquartered in Toronto that is ranked among the top precious metal dealers in Toronto. Visit our main site for more information, and keep up with us on Twitter and Facebook. Don’t forget to check back next Friday for your weekly recap.

Do you think the gold price will continue to decline next week? Let us know in the comment section below!


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