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by Stockwatch Business Reporter

Is it president-elect Trump or is it president-re-elect Trump? Either way, the global markets came to the realization that Donald Trump will be moving back into the White House in mid-January. And so, New York spot gold, which had been trading for nearly $2,750 an ounce just before midnight, began to fall rapidly, reaching $2,680 an ounce as investors were waking up today. By the close Wednesday, bullion had dropped $84.40 to $2,659.10.

And that was not all. The Dow and the TSX indices parted ways -- the former surging 1,350 points at the open, about 3.3 per cent, while the latter opened about 60 points higher, just a 0.3-per-cent gain. As for the TSX-V, it opened a bit lower and ended the day down 1.61 points to 602.11 points. Prodded by bullion and the rickety Canadian market, the TSX gold index fell 8.81 points to 367.36 points on the day.

A few Canadian golds were northbound today. Imperial Metals Corp. (III) rose 12 cents to $2.23 on 337,000 shares on its third quarter financial report. Taseko Mines Ltd. (TKO) helped lead the retreat, with a 13-cent drop to $3.08 on 1.81 million shares. Oceanagold Corp. (OGC) kept it company, falling 15 cents to $3.72 on 3.73 million shares today.

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