With the dust settling on the US election and the international gold price experiencing a heavy blow, has the 'Trump trade' for gold already come to an end? Does this indicate that gold prices will enter a major adjustment period? Xu Quanhan, chief analyst of industrial and commercial bank of China's precious metals strategy analysis, believes that the 'Trump trade' in the gold market is over, and investors are taking profits. The market's expectations for the Fed to cut rates in November remain unchanged, but remain cautious about a rate cut in December. Short-term corrections in gold prices will continue, while the medium and long-term upward trend remains unchanged. (First Financial)