key drivers

Dateline: Friday, 7 November 2025 Quick take: Gold hovered around the $4,000/oz mark today as a softer U.S. dollar, weak private‑sector jobs signals, slumping U.S. consumer sentiment and ongoing government‑shutdown jitters supported safe‑haven demand. Traders still price roughly two‑in‑three odds of another Fed rate cut in December, keeping bullion’s floor intact for now. Reuters+1 Today’s gold price at a glance What moved prices today Market color: physical demand & regional cues The bigger picture: what’s been powering gold in 2025 Today’s macro drivers in detail Gold price forecast — near term (next 1–2 weeks) Baseline (range‑bound):$3,950–$4,100With the dollar soft and