Trump victory spurs physical gold buying in Europe

By Marcy Nicholson and Clara Denina
NEW YORK/LONDON (Reuters) – Spot gold prices surged nearly 5 percent with Donald Trump’s surprise U.S. presidential election win spurring purchases of physical gold
The flurry of buying on physical markets mostly took place in Europe, after Trump’s victory was declared, when the price of spot gold surged by nearly 5 percent to a six-week high of $1,337.40 an ounce.
Gold gave up gains during U.S. trading and turned slightly negative, as the d