Gold edged lower on Tuesday after US equities hit all-time highs on market expectations for higher growth and more spending from a Donald Trump presidency. Trump’s victory in the November 8 US election initially saw a flight to safe-haven assets such as gold but the trend reversed as the dollar and bond yields surged on expectations of higher US spending and interest rates. Spot gold was down 0.3% at $1,210.37 an ounce by 3.17pm GMT. The previous day, bullion advanced 0.4% to snap three sessions of losses. US gold futures were flat at $1,210.64 per ounce, after rising as high as $1,220.90. Safe haven assets such as gold and the Japanese yen are usually the casualties of a flight to risk where the dollar and stocks perform well. "We are still in the Donald Trump honeymoon period which has taken the equity market quite a bit higher. The market is looking for global growth to come to the rescue," said Saxo Bank head of commodity strategy Ole Hansen. "The market is resetting its expecta...
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