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- Gold declines as Trump’s win reduces political risk; focus on potential inflationary policies.
- US Dollar recovery pressures Bullion despite lower Treasury yields.
- Powell signals gradual rate adjustments, leaving Fed’s future path open amid economic strength.
Gold prices had fallen on Friday as the Greenback stages a recovery despite falling US Treasury yields. Traders continued to digest Donald Trump’s victory in the US election, and they reduced their exposure on the so-called “Trump trade” due to uncertainty over tariffs. The XAU/USD trades at $2,688, down over 0.67%.
US equities extended their gains, shrugging off election jitters, which were the main drivers of the Bullion’s advance. However, risk over US politics has faded, and market participants would look toward Trump’s policies.
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