Global markets were down by early indicators of a Trump victory. Gold and silver prices soared as investors switched to safe-haven assets to avoid losses. Precious metals had tended to hold its value and rise in times of uncertainty.

Gold Prices had advanced to as high as $1,338.30 an ounce, up nearly $64, or nearly 5%, as the election results rolled in late Tuesday and early Wednesday - before falling back to more modest gains. The market had that big of a rise lately after the UK's surprise vote to leave the European Union. Trump’s presidential victory was similar to that event this summer.

Gold rarely moves more than about 1 percent in a day, and it's only shifted more than 4 percent on 13 occasions since the start of 2000. Five of those events happened over a four-month period at the peak of the global financial crisis.

U.S. Treasuries are surging, suggesting the market thinks a Trump presidency would reduce the odds of the Federal Reserve raising interest rates (higher rates being a bearish outcome for gold.) That makes the widespread among investors, that Trump's victory is good for gold and bad for markets.

Major government bond prices, in contrast, continued to fall amid analyst talk of Trump's infrastructure and spending plans – as well as inflation – driving 10-year US bond yields above 2.00% for the first time since January.

The price of gold rose in 2008 and 2009 as the entered the Great Recession. Gold prices started to drop in late 2012 as the economy began to “stabilize” due to artificially low interest rates. Gold prices are now higher than they have been since in more than two years.