Gold and copper plunged as Donald Trump reclaimed the White House, with a surging dollar pressuring commodities while traders weighed the ramifications of his views on trade, geopolitics and the US economy.
Bullion fell the most since June and copper had the biggest drop since July 2022 on a closing basis as Trump’s win rippled through global markets and pushed the greenback up the most since 2020. A surge in the currency makes metals pricier for many buyers.
