[MARKET UPDATE] Spot gold continues to falter after Trump's address, within reach of USD 4550/oz vs a USD 4800/oz overnight high; lower by c. USD 200/oz on the day.
Context
The drop in spot gold prices after Trump's address suggests a shift in market sentiment, possibly influenced by the implications of his remarks on fiscal or monetary policy. A decline of around USD 200/oz indicates that traders are reevaluating risk preferences, which could affect demand for gold as a safe haven, particularly in the context of a strengthening USD.
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