Analysis of today's market

Despite the decline in U.S. Treasury yields, gold prices remained weak on Friday as the dollar was recovering. Traders continued to digest Donald Trump's victory in the U.S. presidential election, and reduced their exposure to the so-called "Trump trade" due to tariff uncertainties. Gold was trading at $2,688, down by more than 0.67%.

U.S. stock markets expanded their gains, and election tensions were a major driver of the rise in gold bars. However, the risks associated with U.S. politics have eased, and market participants will now look forward to Trump's policies.

Gold hovered around 2683, with a high of 2684 and a low near 2674 as of press time. Keep an eye on the resistance levels at 2710-2720-2730. If these levels are not breached, it will test the support levels at 2670-2660-2650.