December gold futures on New York's Comex traded below $2.550 a troy ounce today, the lowest price since Sept. 12, market data showed.

The fall in the price of gold is partly due to the strong growth of the dollar after the victory of Donald Trump in the elections in the United States of America, reports Trading Economics.

Trump's return to the White House has pushed US stocks and cryptocurrencies to record highs as investors believe his plans for higher tariffs, tax cuts and increased deficit spending are good for the US economy.

The mentioned measures can increase inflation, but also slow down the rate of reduction of interest rates, which would make gold less attractive for investments.

Economists generally believe in a negative correlation between gold prices and the movement of interest rates, that is, the price of gold rises when interest rates are lower and vice versa.