A Trump victory sparks a sharp rally in the U.S. dollar. In recent trading sessions, speculation that a Trump presidency could drive higher inflation—thanks to his promise to significantly raise trade tariffs—has prompted investors to turn to gold as a hedge against long-term inflation risks. At the same time, attention this week is focused on the Federal Reserve's monetary policy decision on Thursday, with markets widely anticipating a quarter-point rate cut. Such a move is viewed as favorable for gold, as lower interest rates reduce the opportunity cost of holding non-yielding bullion.

Gold price hammered down to multi-week low

2024年11月6日