Gold Sees Biggest Weekly Dip in More Than 5 Months

The drop came as Trump, who promised strong pro-business policies, won the 2024 election.
Gold Sees Biggest Weekly Dip in More Than 5 Months
A worker polishes gold bullion bars at the ABC Refinery in Sydney on Aug. 5, 2020. David Gray/AFP via Getty Images
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Gold prices saw a steep decline last week amid the election of a new U.S. president, a strengthening dollar, and the Federal Reserve’s interest rate cuts.

Gold prices last week fell by 1.86 percent, to about $2,683 from about $2,734, the largest weekly decline since late May.
Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.