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Analysis of today's market
Abstract：On Thursday, gold prices declined as investors digested the latest U.S. jobless claims data ahead of the November non-farm payrolls release. The surge in U.S. Treasury yields impacted gold, causing it
On Thursday, gold prices declined as investors digested the latest U.S. jobless claims data ahead of the November non-farm payrolls release. The surge in U.S. Treasury yields impacted gold, causing it to fall by 0.85% to trade at $2,626.
As U.S. Treasury yields rose, gold prices fell, and traders reduced their bets on a 25-basis-point (bps) cut in borrowing costs by the Federal Reserve at its upcoming December meeting. Mixed U.S. employment data disclosed this week left investors uncertain about the outcome of the Fed's decision.
Gold opened at around 2631 and rose to around 2633 at the highest and around 2630 at the lowest before press time.Pay attention to the resistance of 2650-2660-2670 If it fails to break through, it will test 2620-2610-2600
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