๐ฅ Gold Holds Post-Election Gains; Silver Pulls Back
Thursday close | Friday outlook
Gold closed at $4,087.20, up 0.69%, after reaching $4,148 earlier in the session. Silver settled at $51.68, down 0.81%, giving back part of Wednesdayโs rally.
๐ What moved the market
A sharp tech-led selloff sent investors toward Treasuries. The Nasdaq dropped 5.5%, while the 10-year yield fell to around 4.8%. Market pricing for a December Fed hike eased from roughly 83% to 66โ69%. APโs market report
Stronger Q3 productivity (+3.6%) and falling unit labor costs supported the view that inflation pressure may ease without further tightening. Meanwhile, renewed shipping attacks near the Strait of Hormuz pushed oil higherโWTI: $90.52; Brent: $98.29โadding some safe-haven support for gold.
Concerns around AI and data-center oversight may have added pressure to silver, which is more exposed to industrial demand.
๐ Key levels :
๐ฅ Gold: Resistance at $4,146, then $4,212 | Support at $4,075, then $3,989
๐ฅ Silver: Resistance at $53.07โ$54.45 | Support at $51.24, then $50.03
๐ Fridayโs focus: October U.S. jobs report at 8:30 a.m. ET, followed by the University of Michigan consumer sentiment reading. The jobs report is scheduled by the Bureau of Labor Statistics.
Softer payrolls or wage growth could support gold through lower yields; a strong report may challenge the bond rally. Gold retains the clearer defensive bid, while silver remains more vulnerable to equity volatility and concerns about industrial demand.
โ ๏ธ Volatility may stay elevated around the data. Consider position size carefully!
๐ธCash is a position of Kingdom!
NFA. Levels based on Kitco spot data.
TRADE $XAU | $XAG HERE๐
Thursday close | Friday outlook
Gold closed at $4,087.20, up 0.69%, after reaching $4,148 earlier in the session. Silver settled at $51.68, down 0.81%, giving back part of Wednesdayโs rally.
๐ What moved the market
A sharp tech-led selloff sent investors toward Treasuries. The Nasdaq dropped 5.5%, while the 10-year yield fell to around 4.8%. Market pricing for a December Fed hike eased from roughly 83% to 66โ69%. APโs market report
Stronger Q3 productivity (+3.6%) and falling unit labor costs supported the view that inflation pressure may ease without further tightening. Meanwhile, renewed shipping attacks near the Strait of Hormuz pushed oil higherโWTI: $90.52; Brent: $98.29โadding some safe-haven support for gold.
Concerns around AI and data-center oversight may have added pressure to silver, which is more exposed to industrial demand.
๐ Key levels :
๐ฅ Gold: Resistance at $4,146, then $4,212 | Support at $4,075, then $3,989
๐ฅ Silver: Resistance at $53.07โ$54.45 | Support at $51.24, then $50.03
๐ Fridayโs focus: October U.S. jobs report at 8:30 a.m. ET, followed by the University of Michigan consumer sentiment reading. The jobs report is scheduled by the Bureau of Labor Statistics.
Softer payrolls or wage growth could support gold through lower yields; a strong report may challenge the bond rally. Gold retains the clearer defensive bid, while silver remains more vulnerable to equity volatility and concerns about industrial demand.
โ ๏ธ Volatility may stay elevated around the data. Consider position size carefully!
๐ธCash is a position of Kingdom!
NFA. Levels based on Kitco spot data.
TRADE $XAU | $XAG HERE๐
