Market Analysis for Today

Gold prices soared for the third consecutive day, rising by 0.35%, as concerns over Donald Trump's proposed policies stimulated haven demand amid the UK's ongoing budget crisis. At the time of writing, gold was trading at $2,671.

On Wednesday, CNN revealed that the U.S. President-elect Donald Trump might consider declaring a national economic emergency, which would provide him with legal grounds to impose tariffs on adversaries and U.S. allies. Earlier on Thursday, UK gilt yields at the long end of the curve surged above 5%, marking the highest level since 1998.

Gold opened at around 2670 and rose to around 2671 at the highest and around 2669 at the lowest before press time.Pay attention to the resistance of 2680-2690-2700 If it fails to break through, it will test 2650-2640-2630