Commodities Roundup: Oil Holds Tight Range Ahead of Dec. 5 OPEC+ Meet, Gold Flat
The gold price has fallen over 10 dollars from its intraday high! The employment data that the Federal Reserve is closely monitoring is coming. How to trade gold?
On Tuesday morning in the European market, spot gold has continued to decline from its intraday high of $2,650 per ounce, and the current gold price has fallen to around $2,639 per ounce, nearly erasing all intraday gains. FXStreet senior analyst Dhwani Mehta wrote that the gold price is moving lower below $2,650 per ounce, currently waiting for the usa JOLTS survey to look for new momentum.
Is Gold Losing Its Shine? Expert Insights On COMEX Gold Trends
Gold has a sudden major market movement! The price of gold surged by $13 in the short term, according to the latest technical analysis by FXStreet analyst.
#Gold Technical Analysis# On Tuesday (December 3) in the Asian market's late trading, spot gold suddenly surged quickly, with the gold price just touching 2650 dollars per ounce, a short-term increase of 13 dollars.
Gold trading alert: The highly anticipated employment data by the Federal Reserve could ignite the market! FXStreet Chief Analyst's analysis of the technical prospects for gold.
On Tuesday, during the Asian market session, spot gold remained basically stable, with the gold price currently around 2639 USD per ounce. The usa Bureau of Labor Statistics will release job vacancy data on Tuesday, and this significant employment data is expected to trigger a big movement in gold prices for the trading day.
Trump makes bold statements, Israel suddenly announces major news! Gold prices fluctuate by more than 30 dollars. How to trade gold?
On Monday (December 2nd), the price of gold experienced violent fluctuations, closing price regained most of the lost ground during the day, around $2640 per ounce. Analysts pointed out that Trump's tariff threat remarks and strong US ISM manufacturing PMI data strengthened the US dollar, which is unfavorable for the gold price, but the tense situation in the Middle East provided support for the gold price.