Gold (GLD) is generally regarded a precious metal that can serve as a hedge against inflation and an insurance policy for paper currencies and the high level of debt that they often represent. Gold can often serve as a "go-to" asset in times of increased market volatility and uncertainty.
The current general consensus on Wall Street appears to be that President-elect Donald Trump will usher in a new era of prosperity for the U.S. economy by fixing the tax code, removing regulatory constraints, and fixing unfair trade deals. Combine that with the Federal Reserve's intent to raise interest rates further in 2017, and the outlook for gold is generally thought of as "bad." Indeed, since the Nov. 7th election results and the Fed's raising of the discount rate, gold is down from roughly $1,280 to the current price of $1,155 (around 10%).
Source: Kitco
However, what if Trump turns…