Gold once fell by 1%, analysts: unexpected and excessive!
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Gold prices fell by 1% as investors assessed the outlook for U.S. interest rates and the impact of Trump's victory. Despite the Federal Reserve's interest rate cut and Chairman Powell hinting at potential further cuts, gold prices remained under pressure from a strong rise in the dollar. Analysts believe that the post-election drop in gold prices is "unexpected and excessive," and they expect gold to gain support as a hedge against inflationary pressures
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