Analysis: The weakness of the dollar has led to an increase in gold prices, and tonight's non-farm data being weaker than expected will be beneficial for gold

ChainCatcher news, according to Jinshi reports, due to the decline in the dollar and U.S. Treasury yields, gold futures rose in relatively light trading. However, after a significant sell-off on Thursday, they are down overall this week.

Analysts at SP Angel stated in a report that the outflow of ETF funds indicates that traders and investors have taken profits after gold prices have risen 21% year-to-date. SP Angel noted that easing trade tensions are reducing gold's appeal, while Trump announced he does not intend to fire Powell. The focus now shifts to the U.S. employment data to be released on Friday. If the data is weaker than expected, it would boost optimism about a rate cut by the Federal Reserve, which would be favorable for non-yielding gold.