It will decrease a little as people are afraid to do business with the US. It may or may not go up in price after the response to the election starts to die down. The price of gold may go down again, depending on the economic polices under the trump administration
Yes, it seems likely that the gold market value will decrease in response to the recent election. Many financial values have decreased both in the U.S. and around the world since the election. There is a lot of unrest and markets are showing that disease. The question is whether the markets will rebound.
It is actually true that the gold market value will decrease in response to the recent elections. This is simply because of Trumps action, rules and laws. He has limited the marketing sector. He has also imposed a lot of tax on the import/export goods with include gold. Therefore the market value will decrease.
When a new president is elected, the markets changes very quickly regardless of who is elected. I think that in the latest election, people are scared that the market will fall quickly so they are selling everything. When everyone sells quickly the markets drop. The scared feeling will go away soon and people will be buying again and it will make the price of gold increase.