Gold kicks off the new week on a softer note, eroding part of Friday’s strong move up back toward the November swing high, though the downtick lacks bearish conviction. Dovish Fed expectations keep the USD depressed near its lowest level in nearly two weeks and continue to underpin the non-yielding bullion. Bulls, however, pause for a breather and await this week’s key US macro releases scheduled at the start of a new month.
Source: https://www.fxstreet.com/news/japan-jibun-bank-manufacturing-pmi-came-in-at-487-below-expectations-488-in-november-202512010030
