Gold Prices Dip Amid Stronger Dollar and Trump Optimism

Gold prices fell for a second consecutive session due to a stronger U.S. dollar and increased risk appetite, as markets anticipate a cautious Federal Reserve approach under President-elect Donald Trump. Spot gold dropped 0.9% and U.S. gold futures fell 1%, influenced by rising Treasury yields and expectations of higher tariffs. The dollar index rose, making gold less attractive to other currency holders, while the S&P 500 saw significant gains. Traders now see a reduced likelihood of a Fed rate cut in December, with key economic data and Fed official comments expected this week.