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. Reuters
- 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. Reuters+2Reuters+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. Reuters
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. Reuters+2Reuters+2
- 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. Reuters+2Reuters+2
- 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. MacroMicro+1
- Silver rides the move: Spot silver traded just under $50/oz intraday as the precious‑metals complex firmed. Reuters
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. Reuters+3Reuters+3Reuters+3
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. Reuters+2Reuters+2
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. Reuters
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. MacroMicro+1
- 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. Reuters
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.” FXStreet+1
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. Reuters+1
What to watch next
- Capitol Hill: Any final Senate/House action to end the shutdown could sway the dollar and yields, influencing bullion tactically. Reuters
- 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. Reuters+1
- Positioning and flows: Daily GLD updates and WGC’s monthly ETF flows remain a useful barometer of investment demand. SPDR Gold Shares (GLD)+1
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. Reuters
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. Reuters+1
What are the nearby levels?
Resistance: ~$4,080 (21‑day SMA), then ~$4,100–$4,135. Support: $4,050 and $4,000. FXStreet
Anything else notable today?
Silver tracked higher toward $49.8/oz; 10‑year yields hovered near 4.13% while the dollar eased slightly. Reuters+1
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. Reuters+1
This article is for information only and does not constitute investment advice. Prices and probabilities referenced reflect conditions as cited at publication time.
