Gold Slips as Trump's BRICS Currency Warning Boosts US Dollar
Gold trade reminder: Trump's victory caused gold prices to have the largest monthly decline in a year, and this week will face the non-farm payroll test.
On Monday (December 2), in the early trading session of the Asian market, spot gold fluctuated slightly lower, currently trading at $2646.95 per ounce. Gold prices rose slightly last Friday, boosted by a weaker US dollar and ongoing geopolitical tensions, but November marked the largest monthly decline since September last year, mainly due to post-election selling triggered by Trump. Spot gold climbed 0.5% last Friday to $1260.26 per ounce, but the decline last week will exceed 2%, as gold prices plunged more than 3% last Monday, despite attempts to rebound in the following trading days, the downward trend from last Monday was not reversed, investors need to guard against further downside risks in gold.
Trump-obsessed Stock-market Investors Are About to Get a Reality Check From Jobs Data
Trump Threatens BRICS Nations With 100% Tariffs
What to Expect in the Week Ahead (CRM and MRVL Earnings; Enployment Report, PMIs and Fed Representatives Speaking)
BMO's Jennifer Lee Interview