Trump's policies have sparked new inflation concerns, with a 35% likelihood that the Federal Reserve will not cut interest rates at its December meeting

Odaily Planet Daily News The price of gold futures rose, boosted by the decline in the yield of US treasury bond bonds. This precious metal has partially rebounded from a major sell-off after the US presidential election, rising 3.9% from its lowest point last Thursday. SP Angel analysts pointed out in a report that gold, silver, platinum, and palladium all saw gains during Monday's trading session, which is likely to reflect a weakening in US dollar trading. The market focus is now shifting towards the upcoming meeting of the Federal Reserve in December. Given that President elect Trump's protectionist policies have raised new inflation concerns, the market expects a 35% chance of not cutting interest rates at this meeting. SP Angel stated that keeping interest rates unchanged by the Federal Reserve is a disadvantageous factor for gold, as higher interest rates typically weaken the attractiveness of interest free gold. (Golden Ten)