Gold prices fell below $2,600 on Tuesday, marking their lowest level since mid-September, as the US Dollar surged to a six-month high and Treasury yields climbed. At $2,599, Gold (XAU/USD) is down 0.77%, reflecting a shift in investor sentiment.
The market is reacting to former President Donald Trump’s election win, with focus now on his policy agenda. Additionally, a less dovish Federal Reserve outlook, supported by rising rate futures, has lowered expectations of a December rate cut, pressuring Gold further.
Outflows from Gold ETFs also suggest investors are favoring riskier assets amid heightened geopolitical uncertainties. All eyes now turn to upcoming US inflation data, which could further influence the precious metal’s trajectory.


