CoinVoice has recently learned that, according to Jin Shi reports, due to the decline in the US dollar and US Treasury yields, gold futures have risen in relatively light trading. However, after a sharp sell-off on Thursday, they have overall declined this week.

Analysts at SP Angel stated in a report that the outflow of ETF funds indicates that traders and investors have taken profits after a 21% increase in gold prices so far this year. SP Angel noted that the easing of trade tensions is reducing the attractiveness of gold, while Trump announced that he does not intend to fire Powell. The focus now shifts to the US employment data to be released on Friday. If the data is weaker than expected, it will boost optimism about a Fed rate cut, which is favorable for non-yielding gold. [Original link]