Gold shows signs of consolidation as investment eases, but Trump looms

Gold prices have steadied after surging to a record high amid early signs of consolidation following the rally built on fears around U.S. President Donald Trump's trade policies. The precious metal eased to close at $3,287.72 an ounce on Wednesday, down 6.1% from the all-time peak of $3,500.05 hit on April 22. However, spot gold is still up 30% from the low of $2,536.71 an ounce on November 14, in the days following Trump's victory in the election against former Vice President Kamala Harris. Data from the World Gold Council (WGC) show that the rally has almost entirely been driven…