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Gold prices rise above 1% as Fed rate cut lingers on the horizon
Business Standard
|November 06, 2025
Gold prices rose over 1 per cent on Wednesday, lifted by investors avoiding risky assets despite stronger-than-expected private payrolls data in the US
Spot gold was up 1.1 per cent at $3,976.15 per ounce by 08:58 am ET (1358 GMT). US gold futures for December delivery rose 0.7 percent to $3,986.40 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.
Dit verhaal komt uit de November 06, 2025-editie van Business Standard.
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