Gold prices fell by more than 2% on Monday (21st), primarily driven by the continued strength of the U.S. dollar and the effects of Donald Trump’s election as U.S. President on fiscal policy and potential interest rate cuts.

Additionally, Federal Reserve officials, including Chairman Jerome Powell, are expected to speak this week. U.S. data on the Consumer and Producer Price Indices, weekly unemployment claims, and retail sales will also be released this week.

Gold Prices Drop Over 2% due to stronger U.S. Dollar and Impact of Trump’s Election.

Nov 12 2024