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The Tell: Here’s what Donald Trump would do to the price of gold

The notion that stocks are enjoying a Donald Trump–inspired rally doesn’t pass the sniff test. Gold, however, might be another matter, if the Republican nominee ends up winning the White House, analysts say.

‘If Trump were to become president, gold prices will likely perform well, because we expect that his policies will be inward looking and will weaken the fundamentals of the U.S. economy.’

Georgette Boele, ABN Amro

Trump’s pledge to tear up trade agreements and a rise in overall uncertainty over the policy outlook would likely dent the U.S. economy while spurring a rise in demand for gold, said Georgette Boele, a currency and precious-metals analyst at ABN Amro, in a Friday note.

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