The price of gold is falling against the background of interest rate cuts

The holding of inflation in the United States at 0.3%, as expected, helped to end the rise in gold. Then followed the reduction in the main interest rate in the Eurozone, which further helped to stop the rising prices of gold. The yellow metal reached $2726 on the spot market on Thursday, its best level in more than a month, but then the metal sold off. This week, gold is likely to hold at its current prices before rising again before the end of the year. However, a cut in the main interest rate in the United States is expected next week. This event has already been generated in the price of gold. The euphoria from Trump's victory is passing and it is time for a more realistic assessment of the price of the yellow metal.

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