Okay, so it is not déjà vu. In fact, it’s only slightly reminiscent of the last presidential election held in 2016 in terms of how gold prices changed immediately following the release of the election results.

This will truly be a historical week with two major events occurring. First and foremost is the presidential election which took place today.

U.S equities have had their worst week since March. All three major indexes closed substantially lower on the week, in which the Dow Jones industrial average lost 1690 points.