"Gold's Price Pauses as Investors Await US Data and Seek Support During Market Bounce"

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Source: Kitco NEWS
TL;DR Summary

Gold and silver prices remain steady as traders await the U.S. employment situation report, which is expected to show an increase in non-farm payrolls. Asian and European stock markets are mixed, while U.S. stock indexes are set for a narrowly mixed opening. China's November exports slightly exceeded expectations, while imports fell slightly. The U.S. dollar index is lower, crude oil prices are firmer, and the yield on the benchmark U.S. Treasury 10-year note is at 4.151%. U.S. economic data to be released includes the weekly jobless claims report, Challenger job-cuts report, monthly wholesale trade, and consumer credit. Technically, gold and silver futures remain in an uptrend but show signs of exhaustion, with resistance and support levels identified.

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