Temple St. Clair’s 18K gold ring with blue sapphires and diamonds.


CALM DOWN: Gold prices dipped slightly early Tuesday in the aftermath of the first U.S. presidential election debate.

The safe haven investment’s value dropped 0.1 percent to $1,336.82 per ounce, with much of the nation’s media hailing Hillary Clinton as the debate winner — calming investors’ uncertainty regarding Donald Trump.

U.S. gold futures decreased 0.3 percent to $1,340.80 per ounce. These numbers are still markedly higher than 2015 gold prices, which had sunk below $1,100 per ounce in December.

For contrast, the commodity peaked in the fallout of July’s Brexit referendum, escalating to $1,367 per ounce.

Analysts say that while Clinton’s performance eased investor anxiety, her failure to pace well ahead of Trump in national polls keeps gold prices in relative check.

The U.S. stock market also reflected a tepid optimism, with morning readings setting the Dow index at a 0.49 percent increase; the Nasdaq up 0.53 percent, and the S&P 500 rising 0.40 percent.

load comments
blog comments powered by Disqus