Institution: The gold price is only temporarily reset.

According to Jin10 Data on November 17, the conflict in the Middle East and Ukraine, as well as expectations of further interest rate cuts, have pumped up the gold price over the past year. Tom Price, an analyst at Panmure Liberum, said that the adjustment in gold prices this week only temporarily reset the price, but the themes (war and geopolitical risks) that pushed the price to this level still exist. None of these factors have changed since Trump was elected.

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