The price of gold futures has fallen and is expected to close lower this week. Ole Hansen, head of commodity strategy at Shengbao Bank, stated that precious metals such as gold experienced a strong rebound ahead of the US election. However, after the simultaneous surge of the US dollar and yields forced the price of gold to decline, the price of gold fell sharply. Hansen believes that even so, there is no reason to change the bullish stance on precious metals. In the worst-case scenario, the pullback of the past week is a healthy response to several weeks of buying focused on the US election. He added that gold would be supported in the following three aspects: as President elect Trump increased unfunded spending, the US debt situation continued to deteriorate, the central bank bought more gold reserves, and tariffs triggered inflation concerns. @goupp