Not Good News: Gold Was Top U.S. Export An Unprecedented Second Month

Gold was the top U.S. export for the second consecutive month – the only two months in at least the last 20 years, according to U.S. Census Bureau data released one day prior to its steep drop in price.

Not Good News: Gold Was Top U.S. Export An Unprecedented Second Month

This was for the months of October and November, the latest data available.

Gold, generally viewed as a “safe haven” investment in times of economic or political turmoil had its best year in a half century in the first year of President Trump’s return to the White House.

Until Friday, that appreciation had only accelerated since the end of the year, with gold topping a record $5,589 an ounce on Jan. 28. Today, Jan. 30, is a different story. Today, it is teetering at or below $4,900 in the late afternoon, Eastern Standard Time.