Gold Plunges $30 from Daily High; U.S. Weekly Jobless Claims Higher than Expected!

Hot spot tracking

• OPEC+ has extended the groups overall policy of reducing oil production by 3.66 million barrels per day until the end of 2026. The plan to lift the eight-nation voluntary production cut of 2.2 million barrels per day has been postponed for three months to April next year. The original one-year gradual resumption of production cycle has been extended to 18 months. The UAE seeks to gradually increase production by 300,000 barrels per day from April next year to September 2026. This news is bullish for crude oil.

• The number of initial jobless claims in the United States for the week ending November 30 was 224,000, higher than the expected 215,000. The previous value was revised up by 2,000. This news is bearish for the US dollar and US stocks.

• The Syrian government forces claimed to have lost control of the strategic central city of Hama, and continuous gunfire was heard in the capital Damascus. This news is bullish for crude oil.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▲0.72%1.058621.05874GBP/USD▲0.42%1.275851.27589AUD/USD▲0.36%0.645480.64558USD/JPY▼-0.27%150.117150.071GBP/CAD▲0.11%1.789361.78868NZD/CAD▲0.28%0.825190.82482

• 📝 Review:On Thursday, the U.S. dollar index declined and fell below the 106 mark. It finally closed down 0.59% at 105.69. The two-year U.S. Treasury yield recovered slightly, closing at 4.150%; the 10-year U.S. Treasury yield closed at 4.175%.

• 🕵️ Operation suggestion:USD/JPY 150.212 Sell Target Price 148.614

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▼-0.68%2631.742631.6Silver▲0.12%31.31231.305

• 📝 Review:Spot gold tested the $2,650 mark several times during the session, but fell sharply before the U.S. market. It fell as much as US$30 from the intraday high, and finally closed down 0.68% at US$2,631.79 per ounce. Spot silver finally closed up 0.1% at $31.32 an ounce.

• 🕵️ Operation suggestion:Gold 2633.50 Sell Target Price 2605.59

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-0.49%68.15868.205Brent Crude Oil▼-0.48%71.98372.023

• 📝 Review:Crude oil edged lower as investors weighed the prospect of abundant supply next year against the impact of OPEC+ delaying a production increase by three months to April 2025. WTI crude oil fluctuated back and forth around $68, and finally closed down 0.44% at $68.15/barrel; Brent crude oil closed down 0.4% at $71.98/barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 68.137 Sell Target Price 66.629

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▼-0.29%21420.2521413.31Dow Jones▼-0.59%4476444794.8S&P 500▼-0.17%6071.356071.75US Dollar Index▼-0.59%105.59105.67

• 📝 Review:The Dow Jones Industrial Average closed down 0.55%, the S&P 500 Index fell 0.19%, and the Nasdaq Composite Index fell 0.18%. Cryptocurrency concept stocks ended lower as Bitcoin pulled back. MicroStrategy (MSTR.O) rose 10% at the beginning of the session and finally closed down 4.8%. Coinbase (COIN.O) fell 3%. Tesla (TSLA.O) rose more than 3%, continuing to reach its highest level since April 2022, while Intel (INTC.O) fell more than 5%. The Nasdaq China Golden Dragon Index rose 0.4%, Alibaba (BABA.N) fell nearly 1%, and JD.com (JD.O) rose nearly 2%.

• 🕵️ Operation suggestion:Nasdaq 100 21419.180 Buy Target Price 21521.639

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲0.75%98938.296586.7Ethereum▲0.37%3857.43804.3Dogecoin▲3.79%0.434470.43056

• 📝 Review:On the morning of December 5, Bitcoin ushered in a historic moment, with the price breaking through the $100,000 mark for the first time. Its value has surged 40% since Trump won the US presidential election. However, the market subsequently experienced significant volatility. The price of Bitcoin once fell sharply to a level close to $90,000, but quickly recovered again.

• 🕵️ Operation suggestion:BitCoin 97026.3 Buy Target Price 103965.5