Market analysts have argued that the the fall in American stocks could be down to jitters over whether Mr Trump can deliver promised tax cuts and banking reforms.

Ken Odeluga, market analyst at City Index, said: Michael Hewson, chief market analyst at CMC Markets UK, said: Kathleen Brooks, research director at City Index Direct warned: Mr Khalef reassured investors that the stock market is the best place for long-term investments because there is good rate of return.

Bullion is often used as a safe haven in times of economic stress. After flip-flopping for the last few years, spot gold has gained nearly 16 percent against the dollar year-to-date and even more against sterling which been hit by fears of a.

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