US labor market concerns weaken the dollar, lifting gold to a 3-week high, with $4160 resistance.

On Tuesday, due to market concerns about the deterioration of the US labor market, the US dollar index continued to decline and plunged sharply before the US session. However, it regained some lost ground during the US session and ultimately closed down 0.12% at 99.48; The US Treasury is closed for one day on Veterans Day. Gold prices rose 0.27% on Tuesday, closing at $4126.62 per ounce, with a intraday high of $4148.91, reaching a new high since October 23. The imminent end of the US government shutdown, the imminent recovery of economic data, and clear signals of hawkish dovish sentiment within the Federal Reserve have ignited the bullish flame in the gold market. Crude oil first fell and then rose. WTI crude oil started to rise during the European trading session, briefly surging above $61 during the session, and finally closed up 1.72% at $60.96 per barrel; Brent crude oil ultimately closed up 1.79% at $64.89 per barrel.