TechFlow news, on November 6, Investinglive analyst Justin Low said that after Tuesday's sell-off, spot gold prices have gradually rebounded to the $3980-3990 range, but current price momentum still appears insufficient to challenge the psychological $4000 level. From a macro perspective, key moves in the bond market this week deserve close attention. The yield on 10-year U.S. Treasuries jumped to 4.16% yesterday, hitting a one-month high. If Treasury yields continue climbing toward 4.21%, it could keep boosting the U.S. dollar, putting pressure on gold market sentiment. The bond market is clearly moving on its own path; recent U.S. private-sector economic data slightly exceeding expectations may influence the Fed’s December decision. Currently, traders are pricing in about a 61% probability of a 25-basis-point rate cut in December, but this is by no means certain. Therefore, any adjustments in market pricing for rate cuts will be critical for gold in the coming weeks. Moreover, we are approaching the traditional seasonal bullish period for precious metals from December to January. (Golden Ten)
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