Analysis of today's market

During Monday's North American trading session, gold prices dipped near a low of close to $2,600. As the US dollar staged a rebound during the session and turned positive, gold faced selling pressure, with the Dollar Index trading above 108.00. The appreciation of the US dollar made gold an expensive bet for market participants.

On Monday, the 10-year US Treasury yield fell to 4.55%. Lower yields on interest-bearing assets typically increase the opportunity cost of non-yielding assets such as gold.

Gold opened at around 2605 and rose to around 2608at the highest and around 2603 at the lowest before press time.Pay attention to the resistance of 2620-2630-2640 If it fails to break through, it will test 2590-2580-2570