Published: Saturday, 8 November 2025
Gold was steady around the psychologically important $4,000 mark on Saturday after a firm Friday close, as a softer U.S. dollar and slipping Treasury yields kept safe‑haven demand intact. Spot prices hovered near $4,000, while U.S. gold futures (December) settled at $4,009.80 on Friday. [1]
Snapshot: Where Prices Stand Now
- Spot gold: The Kitco live page showed spot bullion near $3,999.60/oz on Saturday, with an intraday range roughly $3,974–$4,028. (Spot markets are largely closed over the weekend; many quotes reflect late‑Friday trading and indicative pricing.) [2]
- Futures: COMEX December gold settled at $4,009.80/oz on Friday, up about 0.5% on the session, according to Reuters. [3]
What’s Moving Gold
A weaker greenback and a pullback in U.S. yields supported bullion into the weekend. The dollar eased against major peers and the 10‑year Treasury yield edged lower on Friday, factors that typically boost non‑yielding assets like gold. Equity nerves—particularly around the momentum of the AI‑led rally—added to defensive positioning. [4]
Macro undercurrents also favored safe havens. U.S. consumer sentiment fell to its lowest since mid‑2022 amid anxiety over a prolonged federal government shutdown, and traders leaned toward the likelihood of another Fed rate cut by December—both dynamics that tend to underpin gold. [5]
Regional Check: India and Pakistan Retail Prices
- India: Retail gold rates were unchanged on Nov 8 after a volatile week. Goodreturns reported 24K at ₹1,22,020 per 10g, 22K at ₹1,11,850 per 10g, and 18K at ₹91,520 per 10g (national average indications; city‑level prices vary). The outlet also flagged CPI and central‑bank commentary as the next near‑term catalysts for domestic markets. [6]
- Pakistan: Local bullion eased on Saturday in line with late‑Friday global moves; 24‑karat gold slipped by Rs600 per tola to Rs422,462, with 10g down Rs514 to Rs362,193, the Express Tribune reported. [7]
Week in Context: Demand, Flows, and the $4,000 Line
Although intraday swings were sharp this week, the $4,000 handle proved sticky. Kitco noted on Friday that gold continued to hold near $4,000 even as fresh buying paused after weak U.S. sentiment data—an indication that macro anxiety is still being hedged, just not chased at any price. [8]
Under the surface, investment demand remains the dominant 2025 story. The World Gold Council’s latest Gold Demand Trends shows global Q3 demand at a record ~1,313t, driven by surging investment (ETF inflows and bar‑and‑coin buying), even as high prices weighed on jewelry. The report highlights five straight months of ETF inflows, with North America and Asia leading and total AUM at fresh highs—factors that help explain why dips toward $4,000 keep attracting support. [9]
Cross‑Asset and Macro Signals to Watch
- U.S. dollar & yields: Further softening would lower the opportunity cost of holding bullion and could re‑ignite momentum above $4,000. Conversely, any rebound in yields or the dollar can cap rallies. [10]
- U.S. data & policy: The ongoing data blackout from the shutdown has markets leaning on private surveys; Friday’s futures close reflected increased odds of another 2025 Fed cut. Clarity on the shutdown timeline and policy path will be pivotal. [11]
- Physical demand: Reuters flagged subdued India buying amid volatility and dealer discounts—seasonal and price‑sensitive demand may remain choppy while prices orbit $4,000. [12]
Levels and Tone
In weekend indicative pricing, $3,975–$4,030 framed the spot range, with $4,000 a magnet. Holding above that level keeps the bias constructive; repeated failures to push materially higher could reinforce consolidation while macro catalysts develop. (Range based on Kitco’s live page Saturday.) [13]
Bottom Line
For Saturday, 8 November 2025, the gold price today is stable near $4,000/oz, underpinned by a weaker dollar, softer yields, and elevated policy uncertainty. Futures finished Friday at $4,009.80, India’s retail prices were flat day‑on‑day, and Pakistan saw a modest local dip in line with global moves. Momentum beyond $4,000 likely awaits fresh macro impulse—resolution of the U.S. shutdown, clearer Fed signals, or another leg in ETF inflows. [14]
Sources: live pricing and market reports cited throughout. This article is for information only and is not investment advice.
References
1. www.reuters.com, 2. www.kitco.com, 3. www.reuters.com, 4. www.reuters.com, 5. www.reuters.com, 6. www.goodreturns.in, 7. tribune.com.pk, 8. www.kitco.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.reuters.com, 12. www.reuters.com, 13. www.kitco.com, 14. www.reuters.com
