Updated Monday, 10 November 2025.
Snapshot: Where gold stands right now
- Spot gold: trading around $4,078/oz as of 09:56 GMT, the highest in two weeks and up roughly 2% on the day. COMEX Dec futures hovered near $4,087/oz. [1]
- Drivers: Softer U.S. dollar, rising market odds of a December Fed rate cut, and progress in the U.S. Senate toward ending the 40‑day government shutdown—factors that lifted risk sentiment but also sustained demand for safe havens. [2]
- Cross‑market context: The U.S. 10‑year yield edged up near 4.13% even as the dollar eased, a mixed backdrop that hasn’t derailed bullion’s bid. [3]
Today’s key takeaways (10.11.2025)
- Gold hits a two‑week high on Monday, extending Friday’s rebound as traders price in a ~65% chance of a Fed rate cut in December amid weak private‑sector labor indicators and slumping consumer sentiment. [4]
- Dollar dips and shutdown optimism builds: the Senate advanced a measure to fund the government, which buoyed stocks and tempered the dollar—both supportive for gold on balance. [5]
- ETF demand and flows remain a tailwind:SPDR Gold Trust (GLD) holdings ticked up to 1,042.06 tonnes late last week; global ETF AUM and holdings climbed in October per the World Gold Council. [6]
- Silver rides the move: Spot silver traded just under $50/oz intraday as the precious‑metals complex firmed. [7]
What moved the gold price today
Weak U.S. macro signals are keeping the market focused on policy easing. A prolonged data blackout from the government shutdown has pushed traders toward private indicators, which point to labor‑market softening and plunging sentiment. That combination has nudged markets toward expecting a December rate cut, a classic support for non‑yielding assets like gold. [8]
At the same time, the U.S. dollar index eased modestly, reducing the currency headwind for overseas buyers. Senate progress toward a funding bill—without a finalized deal yet—lifted broader risk assets and removed some event risk premium, but not enough to dent bullion’s gains with policy and growth worries still front‑of‑mind. [9]
Bond markets offered a mixed cue. Treasury yields ticked higher toward 4.13% on the 10‑year, which can cap gold mechanically; the dollar dip and rate‑cut repricing outweighed that pressure into the European morning. [10]
The physical and ETF picture
- ETF flows: The world’s largest gold ETF, GLD, added metal late last week, lifting holdings to 1,042.06 tonnes—consistent with the Q4 pickup in ETF allocations highlighted by recent WGC updates. [11]
- Asia demand tone: In India, dealers widened discounts late last week as volatile prices cooled post‑festival buying; in China, policy tweaks and shifting retail dynamics have also moderated spot activity compared with the early‑October frenzy. These nuances matter for jewelry and bar/coin demand, but investment flows are the dominant 2025 driver. [12]
Technical view: Levels that matter today
Short‑term momentum improved as XAU/USD reclaimed the $4,050–$4,070 zone and probed the 21‑day simple moving average near $4,080. A sustained close above that area would leave $4,100–$4,135 on the radar, with support layered at $4,050, then $4,000. Intraday desks are watching that moving‑average pivot as the immediate “line in the sand.” [13]
Strategists’ context and 2025–26 lane markers
Banks that turned more constructive into Q4 have largely stuck with higher‑for‑longer gold views. Recent calls include ANZ and UBS lifting 2025 targets toward $3,800/oz (with upside bias into 2026) as central‑bank buying and ETF demand offset cyclical softness in jewelry. Those aren’t today’s price drivers, but they shape positioning on pullbacks. [14]
What to watch next
- Capitol Hill: Any final Senate/House action to end the shutdown could sway the dollar and yields, influencing bullion tactically. [15]
- Fed speak & data visibility: With official data releases curtailed, markets are leaning on private surveys and Fed communication to refine December odds. A shift in that narrative would move gold quickly. [16]
- Positioning and flows: Daily GLD updates and WGC’s monthly ETF flows remain a useful barometer of investment demand. [17]
FAQ: Gold price today (10.11.2025)
Is gold up or down today?
Up. Spot prices climbed about 2% to the $4,070–$4,080 area, the highest since Oct. 27. [18]
Why?
Markets are pricing a December Fed rate cut, the dollar softened, and the Senate advanced a plan to end the shutdown—together supporting bullion. [19]
What are the nearby levels?
Resistance: ~$4,080 (21‑day SMA), then ~$4,100–$4,135. Support: $4,050 and $4,000. [20]
Anything else notable today?
Silver tracked higher toward $49.8/oz; 10‑year yields hovered near 4.13% while the dollar eased slightly. [21]
Bottom line
On 10.11.2025, gold’s bid is intact as policy expectations, dollar softness, and shutdown headlines align. The $4,080 area is the immediate pivot for momentum traders; above it, psychology improves quickly toward $4,100+. A durable turn in the dollar or a hawkish shift in December odds would be the main near‑term risks to today’s advance. [22]
This article is for information only and does not constitute investment advice. Prices and probabilities referenced reflect conditions as cited at publication time.
References
1. www.reuters.com, 2. www.reuters.com, 3. www.reuters.com, 4. www.reuters.com, 5. www.reuters.com, 6. en.macromicro.me, 7. www.reuters.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.reuters.com, 11. en.macromicro.me, 12. www.reuters.com, 13. www.fxstreet.com, 14. www.reuters.com, 15. www.reuters.com, 16. www.reuters.com, 17. www.spdrgoldshares.com, 18. www.reuters.com, 19. www.reuters.com, 20. www.fxstreet.com, 21. www.reuters.com, 22. www.reuters.com
