GOLD PRICES SINKING. BAD SIGN FOR TRUMP?
The price of gold fell below $1,300 an ounce earlier this week. It's the first time the yellow metal has traded below that level since the Brexit vote in June shocked global markets. And some experts think that Donald Trump's recent woes may be a reason for gold's slump. Yes, gold prices are still up 20% this year. But they have fallen more than 6% since hitting a 52-week high of nearly $1,365 an ounce in early July. Gold prices plunged 3% on Tuesday alone. Shares of top gold miners such as Newmont (NEM), AngloGold Ashanti (AU) and Barrick Gold (ABX), have been hit even harder during the selloff.