Gold prices fell to a two-month low on Thursday, with spot gold dipping nearly 7% since last week’s election. Citi’s commodities head, Maximilian Layton, noted a pause in the gold bull market, attributing the decline to U.S. equity rallies driven by anticipated tax cuts and deregulation. The dollar index has also reached a one-year high, impacting dollar-denominated gold prices for international buyers. Bitcoin surged past $93,000, reflecting a similar risk-on sentiment in cryptocurrencies Underlying fundamentals for gold remain robust, with expected support from central bank demand and geopolitical tensions, per Canaccord Genuity.