The start of the week saw the price of gold drop by over 2% as the dollar continued to rise. U.S. gold futures fell 2.9% to $2617.70 while spot gold settled 2.5% lower at $2617.96 an ounce. This decline follows Donald Trump’s victory in the recently concluded U.S. presidential election, which experts expect will influence interest rate cuts and fiscal policy.
Following the announcement of his victory, the dollar index which had…
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