Institution: Gold dumping temporarily stops, with a cumulative decline of nearly 5% this week.

The data from Golden Ten on November 15th showed that gold futures stabilized on Friday near $2573 per ounce after falling for more than a week. The price of gold was dragged down by the strength of the US dollar, falling nearly 5% from the historical high of $2801.80 per ounce set at the end of October. BMI analysts stated that Trump's victory in the US presidential election ignited a rebound in the US dollar. The strong US dollar, coupled with the uncertainty of the Fed's interest rate cuts after Trump's victory, has had a detrimental impact on gold. Given Trump's inflation policy, the Fed is now unlikely to ease monetary policy as much as the market hopes, which further pressures the price of gold.