Analysis of today's market
Abstract：On Thursday, gold prices rebounded from Wednesday's sharp decline, gaining 0.20%. Gold had fallen sharply earlier following the Federal Reserve's decision to adopt a more gradual stance and oppose thr
On Thursday, gold prices rebounded from Wednesday's sharp decline, gaining 0.20%. Gold had fallen sharply earlier following the Federal Reserve's decision to adopt a more gradual stance and oppose three interest rate cuts by 2025. After reaching a daily high of 2,626,gold was trading at 2,588.
Thursday's U.S. economic data showed a decline in the number of Americans filing for unemployment benefits. Meanwhile, according to the U.S. Bureau of Economic Analysis, U.S. GDP in the third quarter grew 3.1% year-on-year in the final release.
Gold opened at around 2594 and rose to around 2596 at the highest and around 2589 at the lowest before press time.Pay attention to the resistance of 2610-2620-2630 If it fails to break through, it will test 2580-2570-2560
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