Negative employment data stimulated a significant decline in the US dollar on Thursday Non farm farming is coming Gold prices retreat to near one week low

On Thursday, the US dollar index declined and fell below the 106 level, ultimately closing down 0.59% at 105.69.

On Thursday, the US dollar index declined and fell below the 106 level, ultimately closing down 0.59% at 105.69. The yield of US Treasury bonds fluctuated, with the two-year bond yield slightly recovering and closing at 4.150%, and the 10-year bond yield closing at 4.175%. Gold prices fell 0.68% on Thursday, hitting a intraday low of $2623.46 per ounce, close to the near week low of $2620.83 set last Thursday, as market expectations for the Federal Reserve's December rate cut slightly cooled after the release of a series of initial jobless claims data in the United States last week. However, the decline in gold prices is limited by two factors: firstly, it is supported by the geopolitical situation, and secondly, the market is still waiting for US non farm payroll data to understand the Federal Reserve's stance on interest rate cuts. Due to investors weighing the prospect of sufficient supply next year against the impact of OPEC+delaying production plans by three months until April 2025, crude oil fell slightly, with WTI crude fluctuating around $68 and ultimately closing down 0.44% at $68.15 per barrel; Brent crude oil closed down 0.4% at $71.98 per barrel.

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