Gold prices fall as Trump victory raises inflation concerns

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ODAILY
11-06
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Odaily Odaily News: Gold prices fell after Republican candidate Trump won the US presidential election. SP Angel analysts said that the surge in the US dollar and US bonds due to the election results has weakened the appeal of gold, reflecting market concerns about the inflationary policies that the Trump administration may introduce. Trump has previously talked about plans to reduce immigration, impose tariffs and cut taxes on a wide range of issues, all of which could push up inflation. SP Angel added that gold buyers may also be preparing for a more intense election, but the Republican sweep may have led to the selling of such positions. (Jinshi)

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