The price of gold traded at $2,611.72 per troy ounce, as of 9 a.m. ET. That’s down 0.91% from yesterday’s gold price per ounce and up 26.39% since the beginning of the year.

For investors who thought gold's price surge would continue unabated, however, November has proven otherwise. The price of the precious metal has dropped this month from record hi

Gold prices dipped 1% to their lowest levels in nearly two months on Tuesday as the U.S. dollar soared ahead of economic data and comments from Federal Reserve officials that could shed light on the interest-rate path under the Trump administration.

The price of gold traded at $2,635.65 per troy ounce, as of 9 a.m. ET. That’s down 2.29% from yesterday’s gold price per ounce and up 27.55% since the beginning of the year. The lowest trading price within the last 24 hours: $2,617.82 per ounce. The highest gold spot price in the last 24 hours: $2,703.98 per ounce.

Gold held a four-day drop as a sharp rally in the dollar weighed on the metal, even as US inflation data supported the case for another Federal Reserve rate cut next month.

Gold fell for a fifth straight session on Thursday to hit its lowest level in eight weeks, pressured by a stronger U.S. dollar and rising Treasury yields amid uncertainty over the pace of the Federal Reserve's interest rate cuts.