A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020.
Gold prices touched a more than three-week low on Thursday, as the dollar strengthened after Donald Trump's win in the U.S. presidential election, while focus was also on the Federal Reserve's interest rate decision later in the day.
Spot gold fell 0.1% to $2,656.34 per ounce, as of 0327 GMT, after hitting its lowest level since Oct. 15 earlier in the session.
Bullion hit a record high of $2,790.15 last week and has lost more than $130 since then.
Still expect prices to hit $3,000 next year," said Peter Fung, head of dealing at Wing Fung Precious Metals.
Persons:
Donald Trump's, Bullion, Trump, Kelvin Wong, OANDA's, Peter Fung
Organizations:
Gold Investments, U.S, Asia Pacific, Metals
Locations:
London, Asia