"Gold fell more than 4% in the four days since Election Day, when the broad U.S. stock market climbed nearly 4%. That's even though investors are expecting a Trump White House to drive tax rates lower and tariffs higher."
"What's going on? Part of the decline has coincided with the strengthening of the U.S. dollar against other major currencies. A strong U.S. dollar makes it more expensive for buyers using other currencies to purchase gold."
"Trump's preference for lower taxes and higher tariffs is also forcing Wall Street to ratchet back expectations for how many cuts to interest rates the Federal Reserve will deliver next year. Fewer rate cuts would mean Treasury bonds pay more in interest than previously expected, and that in turn could hurt gold's price."
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