Gold prices slipped below $2,700 as traders reassessed risk sentiment ahead of President-elect Donald Trump’s inauguration. The metal saw some selling pressure amid a modest recovery in the U.S. dollar, with investors cautious about potential shifts in fiscal and economic policies under the new administration.
While gold’s safe-haven appeal remains intact, near-term moves are likely to hinge on market reactions to Trump’s inaugural address. Analysts suggest that hints about fiscal stimulus or regulatory changes could sway investor sentiment, either supporting or further pressuring the metal. Despite the pullback, gold retains broader support from geopolitical uncertainties and inflation concerns.
