CoinVoice has recently learned that according to Jinshi, the personal consumption expenditure data released by the United States recently was in line with expectations. The market is optimistic about the prospect of the Federal Reserve's interest rate cut in December, and gold prices rose slightly in early Asian trading.
ANZ Research analysts said in a research note that overall markets had been subdued overnight during the U.S. Thanksgiving holiday, with commodity markets now pricing in a 70% chance of a 25 basis point rate cut in December, up from 56% a week ago.
Meanwhile, analysts said geopolitical tensions in Europe following Russia's missile attack on Ukraine also boosted demand for safe-haven assets. [Original link]