World gold price decreased
World gold prices decreased in the context of an increase in the USD. Recorded at 9:40 a.m. on December 6, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 105,792 points (up 0.08%).
Gold price after the US released weekly unemployment claims data. The number of dependents applying for new unemployment benefits increased slightly last week, indicating that the labor market continues to gradually cool.
In addition, the yield on 10-year US government bonds increased by 0.3%, bitcoin price surpassed 100,000 USD for the first time in session 5.12. The market is also waiting for US non-agricultural employment data to get more information about the US Federal Reserve's (FED) stance on interest rate cuts.
Early this morning, world gold prices suddenly dropped sharply after many struggling sessions. According to Kitco, Donald Trump's US Presidential election victory and his focus on "America First" policies, aimed at supporting the economy and a stronger USD, have made gold investors global. Demand reduces participation in this precious metal.
🔥 XAUUSD SELL 2645 - 2647🔥
💵 TP1: 2630
💵 TP2: 2620
💵 TP3: OPEN
🚫 SL: 2656
Gold price after the US released weekly unemployment claims data. The number of dependents applying for new unemployment benefits increased slightly last week, indicating that the labor market continues to gradually cool.
In addition, the yield on 10-year US government bonds increased by 0.3%, bitcoin price surpassed 100,000 USD for the first time in session 5.12. The market is also waiting for US non-agricultural employment data to get more information about the US Federal Reserve's (FED) stance on interest rate cuts.
Early this morning, world gold prices suddenly dropped sharply after many struggling sessions. According to Kitco, Donald Trump's US Presidential election victory and his focus on "America First" policies, aimed at supporting the economy and a stronger USD, have made gold investors global. Demand reduces participation in this precious metal.
🔥 XAUUSD SELL 2645 - 2647🔥
💵 TP1: 2630
💵 TP2: 2620
💵 TP3: OPEN
🚫 SL: 2656
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