Today's market and analysis

Gold hit a new all-time high of $2,685 on Thursday as the Greenback began to recover from earlier losses sustained in the Asian and European sessions. US data portrays a ‘soft landing’ scenario, while Chinas stimulus and rising tensions in the Middle East boosted Bullion prices. At the time of writing, the XAU/USD trades at $2,670.

Sentiment remains positive as portrayed by US equities. US Treasury bond yields remained firm, with the 10-year T-note yielding 3.798%, up one basis point (bps), while the Greenback, as portrayed by the US Dollar Index (DXY), is flat at 100.91.

Gold opened at around 2672 and rose to around 2673 at the highest and around 2668 at the lowest before press time.Pay attention to the resistance of 2690-2700-2710. If it fails to break through, it will test2650-2640-2630