Gold futures soared Wednesday mornig after the shock election of upstart GOP nominee Donald Trump, a political outsider who vows to shake up Washington.

December gold was up 70 dollars to $1337 an ounce, having topped $1315 overnight as the world reacted to the U.S. vote but than an almost complete retracement took place.

Stock futures plunged 800 points at one point, but are holding steady down about 240 points right now.

The dollar, which also struggled in the immediate aftermath of Trump's win, has also stabilized and is little changed at $1.095 versus the euro.