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Nov 6 - Gold prices slipped to a near three-week low on Wednesday, beating a retreat as the dollar jumped after Republican Donald Trump was elected U.S. president in a remarkable political comeback.
"Gold will be torn between the risk of rising inflation, potentially slowing the pace of US rate cuts, as tariffs are rolled out and continued demand for safe haven assets," said Ole Hansen, head of commodity strategy at Saxo Bank. "Looking ahead, the big question for the gold market is how different today’s version of President Trump will be from the one that won the election eight years ago," said Carsten Menke, an analyst at Julius Baer.
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