The sharp rise in US yields since the US Presidential election have been the driving factor behind weakness in Gold. With US real yields running higher (US Treasury yields minus headline inflation), Gold’s appeal is understandably limited at present time.
from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2016/11/27/Gold-Breakdown-Comes-as-US-Treasury-Yields-Real-Rates-Rise.html?DFXfeeds=forex:fundamental:forecast:weekly:chf
Gold Breakdown Comes as US Treasury Yields, Real Rates Rise
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