Gold is under short-term pressure, and the long-term outlook depends on trade tensions and the Fed's policies.

On November 27th, Jinshi Data reported that after experiencing a decline in Monday's trading day, the price of gold futures began to pump. Ruben Ferreira, an analyst at Flow Community, said that in the short term, gold is still under pressure from a strong dollar and higher Treasury yields. However, Ferreira pointed out in a report that if the trade tensions escalate, the medium- to long-term outlook may change. The proposed tariffs of President-elect Trump may exacerbate market uncertainty, prompting an increase in demand for safe-haven assets such as gold to resist market risks and economic instability. Investors will also turn their attention to the minutes of the November meeting of the US Federal Reserve, which will be released later. Ferreira said that there is a difference in market sentiment regarding the possibility of a rate cut in December. A rate cut will further increase the attractiveness of this zero-yield precious metal.