Gold Price Today, 7 November 2025: XAU/USD holds above $4,000 as rate‑cut bets rise; China’s central bank extends buying streak
Gold traded at $4,005.53/oz at 07:02 GMT Friday, up 0.7% and holding above $4,000 as traders bet on a December U.S. rate cut after weak private labor data. China extended its gold-buying streak in October, lifting official holdings to 74.09 million ounces. A record U.S. government shutdown delayed key data, increasing reliance on private indicators. Gold remains about 8% below its October 20 record high.