Summary of the market fluctuations yesterday, December 4, for gold- Nguyễn Thành Lợi

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

Trading with pure logic and trend following

Nguyễn Thành Lợi

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

Last updated: 12/05/2023 05:23

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