Gold’s Running Grit: Slipping into the Low‑End Zone
Gold’s been slipping for five straight days, diving to a price it hasn’t seen since early September. The buzz is all about two big culprits: higher yields and a stronger U.S. dollar. Both of these trends have been riding the wave of President‑in‑office Trump’s win.
The Trump Effect on the Market
Trump’s playbook—big tax cuts, aggressive tariffs, and a push for rapid economic growth—could stir inflation. If that happens, the Federal Reserve may hit the brakes on its rate‑cut plans, keeping interest rates bright and gold prices dim.
Short‑Term Outlook: Still Pretty Bearish
In the near future, the silver line is still looking a bit bombed. Traders are holding their breath over:
- Upcoming Producer Price Index (PPI) data
- Next week’s jobless claims numbers
- Retail sales figures dropping on Friday
Each of these reports could tilt the mood of the market and set the tone for the upcoming December Fed meeting.
Mid‑ to Long‑Term Possibilities
Despite the current slump, there’s room for a rebound. Key worry points—like widening fiscal deficits, trade friction, and geopolitical jitters—could push investors back toward safe‑haven assets like gold. When uncertainty spikes, gold often shines.
Keep Your Eyes on the Gold Saga
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