Donald Trump’s policies to have ‘inflationary effect’ on America’s economy

Gold prices have plunged since Donald Trump won the United States presidential election last week. “One of the big things that’s been making the gold price just surge so much over the past twelve months … has been the fact that interest rates in America have been on a downward trajectory,” says Sky News business reporter Edward Boyd. “However, with Mr Trump now winning this presidential election, him talking tough on global trade and potentially reintroducing tariffs on global goods coming into the state, that will have an inflationary effect on America on their economy.”