GOLD Prices shattered yesterday with around 2% drop.

Gold prices has faced a significant Selling all around, It has dropped almost 2% from yesterday's high.

~Gold made a high of $2618 after CPI data.
~Gold dropped from $2618 to $2555 levels.
~Heavy Selling in Gold amid higher Inflation (2.6%).

Gold prices dropped from yesterday's higher levels around $2618.50 after touching it's 50 DMA. Gold price (XAU/USD) continues losing ground for the fifth consecutive day and drops to its lowest level since September 19, around the $2,559-2,558 region as the US Dollar (USD) buying remains unabated through the Asian session on Thursday. Hopes that US President-elect Donald Trump's policies will spur growth and stimulate inflation, and force the Federal Reserve (Fed) to pause its easing cycle remain supportive of elevated US Treasury bond yields. This, in turn, lifts the USD to its highest level since November 2023 and continues to weigh heavily on the commodity. 

• Gold price remains under heavy selling pressure amid the continuation of the Trump trade.

• The optimism over stronger US economic growth lifts the USD to a fresh YTD top on Thursday.

• Rising US bond yields also contribute to driving flows away from the non-yielding yellow metal