Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The pound has been the top performer despite a surge in the value of the dollar since Donald Trump’s victory. Since the election, the euro is down almost 4 percent, the franc is down by 3.5 percent, and the worst performer yen is down by 7 percent but the pound is up by 0.6 percent. One of the reasons behind this outperformance has been the decision by the UK High Court that the government would need a parliamentary approval to trigger Article 50 of the Lisbon treaty and start the formal process of an exit. The government has appealed to the Supreme Court, for which the hearing would begin on December 5th and is expected to last about 3 to four days.
On the other hand, US Green Party candidate, Jill Stein has launched a recounting request that could affect the outcome of the result and plunge the country into a civic and political chaos. While each of these events is sufficient to trigger massive volatility on their own, if both turns out in favor of the pound and against the dollar, the GBP/USD exchange rate is likely to test the resistance around 1.34 area. The exchange rate is currently trading at 1.244.
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