JACKSON HEWETT: Is gold losing its glitter among the crypto craze? And can it get it back?
Donald Trump’s victory has unleashed investors’ “animal spirits” but is gold becoming lead in the saddle.
After doubling in price in the past year, gold’s shine is now wearing off, down nearly 5 per cent in the past week.
Australia’s gold miners took a big hit, with a series of big names sold off by more than 5 per cent.
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Gold was a core component of the so-called “Trump trade” — a bet by hedge funds and institutional investors that his election would unleash “animal spirits” in the market, but also commit the US to…
