Gold prices suffered their biggest weekly drop in more than three years this week as Trump's victory in the U.S. election and a stronger dollar reversed a historic rally in gold prices. Analysts said part of the decline in gold was due to speculative funds that were buying into the next trend after the surge in gold prices. "A lot of money has been pouring into Bitcoin and Tesla, which is a Trump trade, which has attracted money from typical safe-haven assets such as gold," said Nicky Shiels, head of research at MKS Pamp Group. "This is not a reversal of the bullish trend, gold just rose too fast and now it is returning to a less bullish track."