According to CoinMeta, influenced by strong U.S. non-farm employment data, the market increasingly expects the Federal Reserve to combat inflation through interest rate hikes, and the pullback in gold prices seen last week continued. Following a 0.4% decline on Friday, gold prices have now fallen to around $4,060 per ounce. Strong employment growth in October and a slight decrease in unemployment rates indicate that the labor market is performing robustly against the backdrop of economic expansion. Additional data shows that the U.S. consumer confidence index rose to a three-month high in early November. Before the next meeting in December, Federal Reserve officials will also receive an employment report and a series of comprehensive inflation data. Given that energy prices remain high and are driving up overall price levels, the market generally expects the Federal Reserve to take action to raise interest rates at that time. Vantage Global Prime Market analyst Hebe Chen stated: "After the mid-term elections, the sharp fluctuations in gold prices highlight the two opposing forces it faces: on one hand, its safe-haven attribute remains strong; on the other hand, the continuous strengthening of the dollar poses a significant constraint on its upward momentum."