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Gold prices fell for the second week in a row
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Gold prices fell for the second week in a row

Gold prices fell on Friday, contributing to the week’s losses as investors continued to digest the impact of Donald Trump’s victory in the US presidential election.

After the election “US deficit more top of mind than everJoe Cavatoni, senior market strategist at the World Gold Council, said international investors – retail, corporate and central banks – all have their eyes on the US. He stated that they will watch what the Trump administration will do to affect the debt.

took some gold Big drop on Wednesday This marks a sharp move for the metal, which has been climbing to new record highs all year, just after the world learned that Trump will be the next president. Precious metal prices later recouped most of this loss on thursdaybut remains low throughout the week.

December gold on the Comex fell $6.30, or 0.2%, to $2,699.50 an ounce, while the contract was down about 1.8% on the week, FactSet data showed.