Most investors are rushing for the yellow metal because they fear the uncertainties a Trump government will lead the economy of USA into.

Investors avoided risky assets and pulled majority of their resources into gold.

Gold rose to $1,337.38 an ounce it marked its biggest single-day gain since June 24.

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A similar thing happened after the Brexit polls where gold experienced its biggest daily rally.

The increase in the price of gold is good news to countries that produce the commodity including Ghana. The price of gold before Trump’s win has been declining therefore affecting the revenue generated by countries that export gold.

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The Japanese yen which is also seen a safe haven for investors also went up as investors went running for cover.

But market watchers have argued that the development will normalise soon. The London futures market fell more than four percent, while US stock markets tumbled more than five percent in after-hours trading.

However they argue that this could also bring about some financial instability similar to what happened after the EU referendum.