By Johanna Bennett
Gold prices are up in the wake of Donald Trump’s come-from behind victory in the U.S. presidential election as investors seek out safe haven investments. But just how afraid are investors.
In the U.S., gold futures are giving back sharp initial gains. The contracts surged 4.9% just after midnight to trade above $1,337 per troy ounce, marking the biggest single-day gain since June 24 when British voters decided to leave the European Union. Since then, however, prices have rolled back to a recent $1,286 per troy ounce, a less than 1% increase over yesterday’s settlement price.