Gold hits more than 3-week low after Trump win

Gold prices touched their lowest in more than three weeks on Tuesday, as the dollar strengthened after Donald Trump won the U.S. presidential election, with focus also on the U.S. Federal Reserve’s interest rate decision later in the day.

Spot gold was down 0.1% at $2,656.34 per ounce by 0327 GMT, after hitting its lowest since Oct. 15 earlier in the session.

Gold hit a record high of $2,790.15 last week and has shed more than $130 since then.

U.S. gold futures were down 0.5% at $2,663.60.