Weak macro data, US dollar down. Gold supported; eye on US jobs data.
On Tuesday, the US dollar index continued to fluctuate above the 106 level, ultimately closing up 0.01% at 106.31. The yield of US Treasury bonds has declined, with the two-year bond yield closing at 4.138% and the 10-year bond yield closing at 4.181%. On Thursday (December 5th) morning trading in the Asian market, spot gold fluctuated narrowly and is currently trading around $2649.49 per ounce. Gold prices rose slightly on Wednesday, closing around $2649.74 per ounce, after data showed moderate growth in private employment in the United States last month, while investors digested Federal Reserve Chairman Powell's speech and looked forward to Friday's non farm payroll report. Crude oil plummeted by over 2% at one point. WTI crude oil once reached the $70 mark, but later gave up some of its gains and accelerated its decline during the US trading session, ultimately closing down 1.81% at $68.45 per barrel; Brent crude oil closed down 1.69% at $72.27 per barrel.
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