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Gold gains despite strong US payrolls data
Business World Philippines
|November 07, 2025
GOLD PRICES rose over 1% on Wednesday as investors avoided riskier assets despite stronger-than-expected private US payrolls data.
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Spot gold was up 1.3% at $3,983.89 per ounce as of 2:30 p.m. ET (1930 GMT). US gold futures for December delivery rose 0.8% to settle at $3,992.90 per ounce.
“Gold and silver are modestly higher despite a stronger-than-expected ADP private payrolls report, which is the best broad jobs indicator given the shutdown. This should give comfort to bulls who were surprised that metals fell along with risky assets yesterday,” said Tai Wong, an independent metals trader.
This story is from the November 07, 2025 edition of Business World Philippines.
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