The situation of gold: Trump at the spotlight

Trump and his future movements play an essential role for traders interested in gold. Potential tariffs, heavy investments in AI and crypto sectors, and unclear geopolitical relations bring uncertainty. That’s when investors lean towards safe-haven assets.

Gold after Trump’s inauguration

When it comes to gold, Trump hasn’t been expected to change its importance for the United States drastically. XAUUSD has become a vital asset decades ago, not only for Americans but also for the worldwide economy.

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However, gold is a barometer of traders’ sentiment for multiple reasons. To realize why it is so important, let’s glimpse other assets’ behavior during the first days after Donald Trump’s comeback to the White House.

NASDAQ ( US100 ), focusing on the tech industry, recorded a slight growth after the inauguration,

Due to the lack of any announcements regarding Bitcoin from Trump, the biggest crypto has fallen below $102,000 after leaning towards its ATH level before the inauguration of the POTUS.

Even though the NASDAQ index recorded slight growth, the tech equities such as Tesla or MicroStrategy strongly fluctuated, losing and gaining a few percentage points in hours.

This volatility in the most popular markets might have scared traders. Where do they allocate their funds? Into the safe-haven assets, and gold is the most popular one.

Analysts can see it in the rise of the XAUUSD price during the last couple of days. On Monday, gold stayed below $2,700. Just three days later, it balances around $2,750, and since the beginning of 2025, its value has risen over 4.50%. This stable yet noticeable growth shows traders have returned to XAUUSD after several months.

How did XAUUSD react after the U.S. elections?

Gold experienced its ATH level right before the U.S. elections. On October 31st, traders recorded the XAUUSD level at 2,790. Just a couple of days later, Donald Trump officially won the U.S. elections. The uncertainty standard during the race for the White House has come to an end. Bitcoin and altcoins skyrocketed, similarly to Trump-related equities such as Tesla or Palantir .

Naturally, sentiment towards more risky assets balances with less interest in gold. Its value has fallen below $2,600 just a couple of days after the elections’ results. Simultaneously, Bitcoin has reached an all-time high level.

Since the U.S. elections, traders have noticed this reverse correlation between these two major assets.

Gold, Trump, and anticipation for grand changes

Even though the new President wants to revolutionize the world, it shouldn’t be such a groundbreaking change for gold. Trump aims to strengthen the American economy and the U.S. Dollar, while XAUUSD still stands as an essential asset for the USA.

Once again, please stay alert and keep tabs on news during this volatile time after the inauguration of the new POTUS. You can check out information on SimpleFX and conduct a thorough analysis using the tools provided by the SimpleFX Webtrader.