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Trump’s Hump Bullion Bounce

Friday, November 11, 2016

The effect of Donald Trump becoming US President saw a sudden rise and fall (so called Trump Hump) in metal prices and what began as a 5% gain ended the week as a significant fall. The main culprit behind the significant fall for the UK metal markets was the strengthening Pound versus the US Dollar – silver fell by £1/oz in just a few hours on Friday afternoon.