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Gold price climbs from daily lows as pro-Trump protesters storm U.S. Capitol

Kitco News

(Kitco News) Gold edged up from daily lows as crowds of pro-Trump supporters stormed the U.S. Capitol, where lawmakers were debating the certification of President-elect Joe Biden’s win over President Donald Trump.

The U.S. Capitol was put on lockdown as pro-Trump demonstrators breached security barricades with the U.S. lawmakers inside.

February Comex gold futures were trading at $1,923.80, down 1.57% on the day, after hitting a low of $1,902.60 earlier in the session.

Live 24 hours gold chart [Kitco Inc.]

A crowd of protesters clashed with police on the grounds of the U.S. Capitol, climbing onto the structures and putting up Trump flags, Reuters reported. Police used teargas and pepper spray against some demonstrators. 

Protesters were also seen marching through the halls of Congress, wearing pro-Trump red baseball caps and waving flags.

As this was happening, police proceeded to evacuate the House of Representatives and the Senate, forcing lawmakers to suspend deliberations.

Vice President Mike Pence was rushed out along with other lawmakers to a secure location. Pence tweeted said that protest should be peaceful and it is the "...right of every American but this attack on our Capitol will not be tolerated and those involved will be prosecuted to the fullest extent of the law."

A post by Reuters showed one protester occupying the Senate dais and proclaiming: “Trump won that election.”

Earlier, Trump addressed a crowd of his supporters at a rally in Washington, protesting Biden’s win in the November elections.

“You don’t concede when there’s theft involved,” Trump said from the stage of the “Save America March.”

Congress was in session at the time protesters breached the premises, debating the confirmation of Biden’s victory. The U.S. states completed the certification weeks ago, with Biden winning the election by 306 Electoral College votes to Trump’s 232.

Trump spoke out after the protests escalated, telling demonstrators “to go home now,” while still maintaining that the election was fraudulent. Trump proceeded to say that “we have to have peace, we have to have law and order.”

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