Gold futures retreated for a fourth consecutive session, with the most active December contract settling at $2,570.40, down 1.01%. The precious metal has now surrendered over $200 in value during this sustained downturn, decisively breaking below the anticipated $2,600 support level and suggesting potential for further declines.

In recent trading, December Gold futures demonstrated significant volatility, briefly dipping to $2595.70 before recovering above the crucial $2600 level to settle at $2606. The precious metal has experienced three consecutive days of substantial declines, accumulating a total loss of $110, with daily drops of $22.70 on Friday, $66.50 on Monday, and $21.30 on Tuesday.

Following gold futures' historic peak of $2,802 on October 31, the market has undergone a significant correction. Within a compressed two-week period, prices retreated approximately $174, representing a measured but noteworthy decline.

Gold markets experienced their most significant weekly downturn since May, marking a dramatic shift from recent record highs. The precious metal, which had reached a peak of $2,801.80 last week, underwent a substantial correction, with December futures falling $54.30 or 1.98%.

Gold prices continue to react to yesterday’s presidential election victory by President Trump. Economist, analysts, investors, traders have been laser focused on how the new president will impact the lives of American citizens as well as global citizens as all superpowers are interconnected.

Gold prices plummeted in dramatic fashion today following Donald Trump's landslide victory in the presidential election, securing his position as the 47th president of the United States. The outcome marks an extraordinary comeback for the former president, who faced numerous challenges including legal battles, felony convictions, and two reported assassination attempts.

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Because it’s election day, any technical analysis that I do would not have value until we have a better understanding of the outcome of this election. One factor involved is whether or not there is a decisive winner, and whether the election is contested.

As Americans head to the polls for the presidential election, the gold market stands at a critical juncture, with investors closely monitoring potential price movements in this key safe-haven asset. With opinion polls showing an almost equal divide between candidates and stark policy differences, the outcome could significantly impact precious metals markets.

Gold prices edged lower Friday, despite an unexpectedly weak U.S. employment report that significantly missed even the most conservative estimates.

Gold prices continued their historic ascent today, with December futures climbing $30.10 to reach $2,785, after touching an intraday high of $2,787.30. The precious metal has demonstrated remarkable strength this year, posting gains of approximately 35% amid a confluence of global factors driving investor demand.