According to Deep Tide TechFlow, on May 2, Jinshi reported that due to the decline in the US dollar and US Treasury yields, gold futures rose in light trading, but overall fell this week. SP Angel analysts stated that the outflow of ETF funds indicates that traders and investors have taken profits. The easing of trade tensions has reduced the attractiveness of gold, while Trump announced that he would not fire Powell. The focus is on Friday's US employment data, and if the data is weaker than expected, it will boost optimism for a Fed rate cut, which would benefit non-yielding gold.
Gold futures rise due to the decline of the US dollar, but overall fall this week
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