Gold Slips Ahead of Trump’s Fed Decision
Gold prices dropped 0.2% to $3,371.98/oz, pressured by a stronger U.S. dollar and investor caution ahead of President Trump's upcoming Federal Reserve appointments.
📉 The pullback follows a two-week high hit in the previous session, as markets adjust expectations amid political uncertainty.
Key Drivers:
Stronger USD weighing on precious metals
Market awaiting clarity on Trump’s Fed picks
Broader risk sentiment mixed as major announcement nears
Watch closely: Trump's decision could impact rate outlook, dollar strength, and gold’s next move.