Gold Prices Plummet Amid Strong Dollar and Market Shift

Gold prices have fallen to near two-month lows as investors shift towards equities and cryptocurrencies following Donald Trump's election victory, which has boosted the dollar and U.S. stock markets. The risk-on sentiment has led to a decline in gold, with spot prices dropping nearly 7% since the election. Despite the current downturn, analysts remain optimistic about gold's fundamentals, citing potential geopolitical tensions and central bank demand as factors that could support higher prices in the future.