Will traders short this bounce in gold?

אתמול

Gold prices dropped sharply on the news that President Trump will govern the U.S. for the next four years, starting from January 6. This decline makes sense, given his plans to boost the economy despite an already low unemployment rate of 4.1%. These efforts are likely to push inflation and wages higher, which could compel the Fed to maintain elevated interest rates.

As long as prices stay below 2,720, a test of this week’s low seems likely in the coming days.


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