Investors continue to take profits after the US election, and gold futures continue to fall

Gold futures fell 1% to $2,665 an ounce on Monday. SP Angel analysts said in a report that profit-taking triggered by the U.S. election weighed on gold prices. They said this showed that traders had less certain expectations about the outcome. The stronger dollar after Trump's victory also weighed on gold prices, the analysts wrote. The next factor driving gold prices higher may be CPI data due on Wednesday, which will provide clues about the next step of the Federal Reserve's monetary easing. SP Angel said further rate cuts could reignite inflation and boost gold prices. (Jinshi)