Summary of the market fluctuations yesterday, December 4, for gold

On Monday, US bond yields recovered slightly, with 10-year US bond yields falling more than 10 basis points, closing at 4.257%, capital-sensitive 2-year US bond yields than with the Federal Reserve's policy rate recovering even further, closing at 4.635%. The US dollar index recovered some of its losses after three straight weeks of declines and returned to a one-week high, eventually closing down 0.436% at 103.65.

Spot gold opened up more than US$70, reaching a maximum of 2144.61, setting a new all-time high, then continued to give up gains, falling more than US$120 from the daily high and ultimately closed down 2.07% at $2,029 an ounce, spot silver also moved higher, fell back and ultimately closed down 3.83% at $24.50 an ounce