London — Gold prices dipped on Friday as investors expect US president-elect Donald Trump to calm markets with a return to conciliatory language in his inaugural address. If Trump repeated his reassuring tone in November immediately after the election, there would be scant need for the safe-haven aspects of gold, analysts said. "On the whole we’d expect an appropriately presidential tone to be struck and that the dollar will gain and that bullion will once again be under pressure along with the rest of the precious metals complex," said Jonathan Butler, commodities analyst at Mitsubishi in London. "However, if we get any of the campaign trail divisive rhetoric, that’s probably going to sink that reflationary trade and boost gold as a safe-haven." Trump is due to take the oath of office at 5pm GMT, after the close of European markets. Spot gold was down 0.5% at $1,199.09/oz by 11am GMT, while US gold futures fell 0.2% to $1,199.50. "The incoming US administration is still a relativel...
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