💨 Abstract

Gold prices dropped on Friday, poised for a steep weekly decline of over five months, due to a stronger dollar and market absorption of Donald Trump's victory implications and its potential impact on U.S. interest rate expectations. Spot gold fell 0.6% and was down 1.7% for the week. gold futures also declined. The dollar index gained, indicating a strong dollar.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖