Gold has fallen significantly after reaching a new high, and the suspicion of reduced production has boosted the downward trend of oil prices.

Gold has fallen significantly after reaching a new high, and the suspicion of reduced production has boosted the downward trend of oil prices.

On Monday (December 4th), gold set a new record, with spot gold prices briefly reaching $2100. Despite a significant decline in late trading, it still closed above the 2000 mark. In November, gold prices also closed above $2000 per ounce. This is the first time that gold prices have closed above $2000 per month.

Oil prices fell on Monday (December 4th) as traders held a wait-and-see attitude towards OPEC and its allies' plans to reduce production in the first quarter of 2024. Market analysts say concerns about declining demand are also putting pressure on prices.

Due to the weaker than expected German export data and the higher yield of US long-term treasury bond bonds, the US dollar rose against a basket of currencies on the 4th, and the US dollar index rose slightly in the overnight market. The rise in the morning was significantly expanded, and the narrow range consolidation in the afternoon. At the end of the day, the US dollar index rose significantly.