💨 Abstract

Gold prices dropped to a nearly three-week low on Wednesday due to a strengthening US dollar following Donald Trump's election victory. Investors are now watching the upcoming Federal Reserve policy meeting for indications on interest rate cuts, which had been supporting gold's rally this year. Spot gold fell 1.5% to $2,703.93 per ounce, while U.S. gold futures declined 1.3%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖