• The Gold price attracts some buyers to around $2,570 in Monday’s early Asian session. 
• Traders wind back expectations for a Fed rate cut in December, weighing on the yellow metal.
• Geopolitical risks could boost the Gold price, a traditional safe-haven asset. 

The Gold price (XAU/USD) rebounds to near $2,570, snapping the six-day losing streak during the early Asian trading hours on Monday. However, the strength of the US Dollar (USD) might cap the upside for the precious metal. 

The Greenback rally in the wake of Donald Trump's election win could exert some selling pressure on the USD-denominated Gold price. The expectations of higher inflation next year due to Donald Trump’s policies have led to fewer expected rate cuts. 

Furthermore, traders pared back expectations for lower rates in December after Fed Chair Jerome Powell said that the US central bank would be in no rush to cut, citing the “remarkably good” performance of the economy. Higher interest rates generally drag the Gold price lower, as it makes holding non-yielding assets like gold less appealing.