Gold edges lower on continued post-election fallout, greater rate of interest expectations
Gold falls on Friday as Donald Trump's re-election continues to affect the rare-earth element.
This reverses a short-term bounce following the Federal Reserve's choice to cut rates of interest by 0.25%.
Technically, XAU/USD remedies back within a short-term sag.
Gold (XAU/USD) edges down to trade around the $2,690 mark on Friday, extending the short-term bearish mini pattern it has actually remained in because it rolled over on Halloween. The decrease comes amidst market expectations that President-elect Donald Trump's financial policies will be favorable for the United States Dollar (USD), as greater tariffs and tax cuts might keep rates of interest high, supporting foreign capital inflows into the United States currency. This, in turn is anticipated to push Gold lower considering t...