Analysis of today's market

During the U.S. trading session on Monday, gold prices once again hit a new all-time high, but the upward trend paused amid rising U.S. Treasury yields and a strengthening dollar. Over the past five trading days, tensions in the Middle East and uncertainty surrounding the U.S. presidential election have increased flows into safe-haven assets. At the time of writing, gold is trading at $2,718, with a slight decline of 0.09%.

In the heated competition of the U.S. presidential election, there has been a negative shift in market sentiment. Reuters revealed that Vice President Kamala Harris leads former President Donald Trump in the popular vote with 45% against 42%. However, the ultimate winner will be determined by the state-by-state results of the Electoral College.

Gold opened at around 2719 and rose to around 2724 at the highest and around 2718 at the lowest before press time.Pay attention to the resistance of 2740-2750-2760. If it fails to break through, it will test 2700-2690-2680