According to reports from Jinshi Data, driven by a decline in U.S. Treasury yields, gold futures prices rose, rebounding 3.9% from last Thursday's lowest point. SP Angel analysts pointed out that gold, silver, platinum, and palladium all increased, reflecting a weakening dollar.
The market is focused on the Federal Reserve's December meeting, with a 35% chance of no rate cut expected. SP Angel stated that the Fed's decision to maintain interest rates is unfavorable for gold, as higher rates weaken the appeal of non-yielding gold.