Spot gold hovers around $4,140/oz on Nov. 11, 2025—its highest in nearly three weeks—as traders price a December Fed cut and Washington edges toward ending the government shutdown. Here’s today’s price snapshot, drivers, technical levels, and what to watch next.
At a glance (11/11/2025)
- Spot gold (XAU/USD): ~$4,142/oz intraday, after touching $4,148.75, the highest since Oct. 23; still below the Oct. 20 record near $4,381. [1]
- COMEX futures (Dec ’25): around $4,149/oz in early U.S. trade. [2]
- Context: Gains follow the U.S. Senate’s passage of a bill to end the government shutdown, with markets leaning toward a December Fed rate cut. [3]
- Liquidity note:U.S. bond markets are closed today for Veterans Day; equities trade as normal. [4]
Today’s price snapshot
Gold extended Monday’s surge and is holding firm near $4,140/oz as of late morning in Europe/early U.S. hours. Reuters reports spot prices up roughly 0.7% on the day with December COMEX futures shadowing the move, while Monday’s settlement printed at $4,122. The latest leg higher keeps bullion within striking distance of October’s all‑time high near $4,381/oz. [5]
Real‑time quote pages corroborate the range: Reuters’ XAU=X shows intraday trading between roughly $4,114–$4,149 as of today. MarketWatch’s continuous contract page likewise lists front‑month prices around $4,140 this morning. [6]
What’s moving gold today
1) Policy expectations: December Fed cut back in focus
Traders continue to price meaningful odds of a December rate cut, a tailwind for non‑yielding assets like gold. Reuters notes market-implied probabilities near the two‑thirds mark, helped by softer recent U.S. data and the prospect that a government reopening will restore delayed releases—clarifying the macro picture but also reinforcing easier‑policy expectations. [7]
2) Washington risk fades: Senate clears shutdown deal
The U.S. Senate passed legislation to reopen the federal government, lifting a major source of uncertainty that had frozen parts of the data calendar. Risk appetite improved, yet gold still benefitted as investors hedge into the policy transition and potential fiscal knock‑ons. [8]
3) Dollar/yield backdrop and today’s holiday liquidity
The U.S. dollar has been firming into early November, at times nudging the DXY near 100, but bullion’s surge suggests investors are focusing more on rate‑cut odds than on incremental dollar strength. Treasury yields edged up Monday, then the U.S. bond market closed today (Veterans Day), muting rate signals during the U.S. session and potentially exaggerating intraday swings in gold. [9]
Physical & flows check
- India: After the festival season, dealer discounts widened to about $14/oz last week as record‑high prices cooled jewelry buying—though coins/bars saw relatively better interest during Dhanteras/Diwali. [10]
- China: Activity cooled into November following prior strength, with the industry still awaiting some official output updates; physical premiums have oscillated as policy and demand shift. [11]
- ETFs & central banks: The World Gold Council (WGC) says Q3 2025 demand hit a quarterly record, powered by ETF inflows and solid central‑bank buying (~220t in Q3; 634t YTD)—a structural pillar under prices. [12]
Technical picture (intraday)
Short‑term technicians are watching whether price holds above ~$4,130—an area many see as a “line in the sand” for bulls. Near‑term resistance sits around $4,155–4,160, with a break opening a run toward $4,200. First support is clustered near $4,100–4,105 on several intraday frameworks. Momentum signals (RSI/MACD) remain constructive on most dashboards. [13]
Key levels traders cite today:
Week‑ahead catalysts
- U.S. CPI (October) — Thursday, Nov. 13, 08:30 ET. After weeks of disrupted dataflow during the shutdown, this print lands back on the calendar and could jolt rate expectations—and gold. [16]
- Liquidity watch — Veterans Day keeps U.S. fixed‑income closed today (Nov. 11); normal trading resumes tomorrow, which may restore clearer yield signals for bullion. [17]
What this means for investors and readers
- Macro still dominates. As long as markets lean toward a near‑term Fed cut, dips may stay shallow—especially with central banks and ETFs having re‑engaged on the buy side in Q3. [18]
- Holiday conditions can skew moves. Today’s bond‑market closure can amplify price swings; confirm levels again once Treasury trading normalizes on Wednesday. [19]
- Physical demand is price‑sensitive. India and China show that record prices cool jewelry buying even as coins/bars and institutional demand help keep a floor under the market. [20]
FAQs: Gold Price Today (11/11/2025)
Why is gold up today?
Because traders are pricing a December Fed rate cut while a shutdown‑ending bill moves forward in Washington—both supportive for bullion. [21]
What exact prices should I watch?
Spot holding above ~$4,130 keeps bulls in control; a push through $4,155–4,160 could re‑target $4,200. Failure back below $4,100 would caution for a pause. [22]
Are U.S. markets open today?
Yes for stocks; No for U.S. bonds (Veterans Day). That can mute yield signals and affect gold’s intraday feel. [23]
What’s the next big data point?
U.S. CPI on Thursday, Nov. 13—crucial for validating (or challenging) current rate‑cut odds. [24]
Editor’s note & methodology
Prices and context above reflect reputable, timestamped sources including Reuters live market reports and quote pages, MarketWatch futures dashboards, and official calendars (BLS, SIFMA). We avoid intraday chart images per your brief and cross‑check price ranges against multiple feeds before publication. [25]
This article is for informational purposes only and is not investment advice.
References
1. www.reuters.com, 2. www.reuters.com, 3. www.reuters.com, 4. www.sifma.org, 5. www.reuters.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.reuters.com, 12. www.reuters.com, 13. www.fxstreet.com, 14. www.fxstreet.com, 15. www.fortrade.com, 16. www.bls.gov, 17. www.sifma.org, 18. www.gold.org, 19. www.sifma.org, 20. www.reuters.com, 21. www.reuters.com, 22. www.fxstreet.com, 23. www.barrons.com, 24. www.bls.gov, 25. www.reuters.com
