💨 Abstract

The World Gold Council report suggests a temporary dip in gold prices following the US election due to stronger bond yields, a rising US dollar, and increased investor confidence in stocks and cryptocurrencies. The election outcome has also eased geopolitical tensions, reducing gold's safe haven appeal. However, several factors still support gold, such as Asian market demand, inflationary policies in the US, and the potential for rising inflation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖