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US gold futures held steady at $2,704.50, while the US dollar index was poised for a slight weekly gain after Trump won the election. Spot gold fell 0.4% to $2,697.19 per ounce at 0251 GMT and was heading for a weekly loss. However, prices rose by over 1% in the last session, rebounding by more than 3 weeks. According to Kyle Rodda, a financial market analyst at Capital.com, gold prices are under slight pressure due to market uncertainty about US political developments. According to Brian Lan, managing director of the Singapore-based broker GoldSilver Central, in the long term, gold seems to be still on the rise, but in the short term, if prices fall to $2,643, the next levels of support will be between $2,620 and $2,520
.Spot silver fell by 0.8% to $31.75 per ounce, platinum fell by 0.2% to $994.80, and palladium lost 0.21% to $1,022.36.
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