Trump's policies have triggered new inflation concerns, and the probability of the Federal Reserve not cutting interest rates at its December meeting is expected to be 35%.

Gold futures rose, boosted by a decline in U.S. Treasury yields. The precious metal has partially rebounded from a sharp sell-off following the U.S. presidential election, rising 3.9% from its lowest point last Thursday. SP Angel analysts said in a report that gold, silver, platinum and palladium all rose during Monday's trading session, most likely reflecting a weaker U.S. dollar. Market focus now turns to the Federal Reserve's upcoming meeting in December. Given that President-elect Trump's protectionist policies have raised new inflation concerns, the market expects a 35% chance of no rate cut at this meeting. SP Angel said that the Fed's keeping interest rates unchanged is a negative factor for gold, as higher interest rates generally weaken the appeal of non-interest-bearing gold. (Jinshi)