Gold's recent decline can be attributed to a stronger dollar and higher Treasury yields, both influenced by robust U.S. employment data that surpassed market expectations.
The strength of the American labor market has prompted a reassessment of the Federal Reserve's monetary policy stance, suggesting a potentially more cautious approach moving forward.
President-elect Trump's proposed tariffs could increase inflation risks, complicating the Federal Reserve's policy decisions as market participants await vital U.S. CPI data.
Despite short-term pressures affecting gold prices, ongoing geopolitical uncertainties and central bank demand may support a more optimistic long-term outlook for gold.
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