CoinVoice has learned that, according to Jin10, due to the decline in the US dollar and US Treasury yields, gold futures have risen in relatively light trading. However, after the significant sell-off on Thursday, they have overall fallen this week.



Analysts at SP Angel stated in a report that the outflow of ETF funds indicates that traders and investors have taken profits after gold prices have risen 21% so far this year. SP Angel noted that the easing of trade tensions is diminishing the attractiveness of gold, while Trump has announced that he does not intend to fire Powell. The focus now shifts to the US employment data due out on Friday. If the data is weaker than expected, it would boost optimism regarding a Federal Reserve rate cut, which is beneficial for non-yielding gold.
TRUMP-1.97%
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