Headline: Gold Ounce Strives to Recover Following Yesterday's Profit Taking

The rise in U.S. Treasury bond yields and the strengthening U.S. Dollar caused spot gold to retreat from record levels yesterday. However, spot gold is attempting a recovery this morning. Prior to the November 5 Presidential elections, ongoing political uncertainty in the U.S. and tensions in the Middle East are expected to keep spot gold above $2,700. Currently, spot gold is trading at $2,728.02, marking a 0.46% increase compared to yesterday. Analysts indicate that the first resistance level for spot gold today is at $2,733, with support at $2,711. If the resistance at $2,733 is overcome, movement towards $2,758 could occur. Conversely, if the $2,711 support is breached, a pullback to $2,693 is possible.